1999年的经济增长是金融主导的增长或流动性主导的增长—— 1999年对全球经济、金融来说又是一个出乎意料的大起大落年。如同在泰铢危机爆发之初很少有人预见到这会触发一场亚洲金融危机并波及全球一样,在经历了1998年的俄罗斯金融危机和美国长期资本管理公司破产的华尔街震荡后,也很少有人预见到亚洲会在短短的两年中走出这场金融危机;全球经济也 Economic growth in 1999 was either financial-led growth or liquidity-led growth-another unexpected big-dip for the global economy and finance in 1999. Just as few expect that this would trigger an Asian financial crisis and spread to the rest of the world at the start of the Thai baht crisis, few people experienced the Russian financial crisis of 1998 and the Wall Street concussion after the bankruptcy of the American long-term capital management company It is foreseen that Asia will emerge from this financial crisis in just two short years; the global economy also has