The next beautiful idea that failed, in 1997-1998, was the concept of a particular “Asian miracle” (as it had been dubbed in the title of an influential World Bank publication). Asian economies were supposedly better coordinated because of strategic interventions by the government along the lines of the initial postwar practices of Japan’s MITI.
1997~1998年，下一个美梦破灭，就是所谓“亚洲奇迹”（世界银行一份著名报告的标题就是用的这个概念）。当时，亚洲各经济体以战后日本通商产业省的政策为样本，对经济实施国家干预，人们以为它们会把各方面协调得比较好。但是，跟苏联及其卫星国一样，那些亚洲经济体也走上了债台高筑的老路。