more competitive. The overall effect is likely to be a positive one, that is a positive overall increase of net welfare. ConclusionWhile it is still unclear as to the long-term affects the Asian Financial Crisis will have on Asia, and the rest of the world, it is clear that this crisis served as an eye-opener for many parties involved. Many negative results were experienced. It is likely that these results will only be experienced for a short time. If free market policies are followed, the long-term effects are likely to be positive, at least when society as a whole is considered. As with all things, there will be winners and there will be losers. The hope of society is that the losers lose less than the winners win, and that the winners gains can be reciprocated to all involved....
