Abstract
This article proposes an analysis of the deep crisis that struck East Asia in the 1990s. The authors give us in the most synthetic way, a panorama of the different analyses made about the crisis and their own ones. In 1997, the crisis came as a shock for the Asian countries as well as for the rest of the world. This crisis was unexpected for at least two main reasons. Firstly, because the whole world deeply believed in the virtue of economic liberalism. Secondly, because, triggered by the Japanese success, most countries of East Asia had got strong export sectors and a certain macro-economic stability.
