The organization is headquartered in Jakarta, Indonesia, and Takashi Onda is currently serving as the Secretary General (or official spokesman). On the ASEAN Web Site (which is attractive but hardly functional and is as complex to navigate as the ASEAN organization chart is to understand) Mr. Onda publishes daily and weekly "greetings." This excerpt from his New Year's Day message 1998 is typically upbeat:
The result has been a building boom. Given internal migration toward population centers where jobs are plentiful, the pressure to build infrastructure added to other, bank-financed speculative building programs that boosted the domestic economy. . . stimulated imports beyond what export terms of trade could sustain. Accordingly, there emerged a runaway trade deficit that grows faster the longer the currency is pegged to a rapidly rising $US (Limthammahisorn, 1997, Online).
Message from the Secretary General on the Occasion of the New year. (1998, Jan. 1). Available online at: http://www.aseansec.org
Mydans. S. (1997, Dec. 17). Worried Asian leaders swallow their pride, New York Times, B1.
Since ASEAN is funded primarily by member nations with grants from the United Nations and the G-7 countries, it follows that many research programs funded by the organization might be in jeopardy. However, short-term grants by the United Nations, Japan, the United States, and several European nations have enabled continuation of these following projects.
Ramos calls for joint effort against transnational crime. (1998, March 23). Online at http://www.aseansec.org/news/ascrime988.html
(b) restricting the money supply during inflation to constrain spending. (McConnell, Brue, 1990, 321).
(a) increasing the money supply during a recession to stimulate spending, and conversely,
Limsamarnphun, N. (1997, July 31). Confidence calls for full acceptance of IMF plan. The Nation. 11
Ciminero, G.L. (1997, Nov. 24). A primer on the Southeast Asian f