Southeast Asian Financial Crisis of 1997: Retrospective essay Southeast Asian Financial Crisis of 1997 THE SOUTHEAST ASIAN FINANCIAL CRISIS AND DISTRIBUTIVE JUSTICE IN THE GLOBAL SYSTEM: DARE WE CREATE A NEW FRAME OF MIND? by AZLY RAHMAN Written at Columbia University, New York, December 1997 The collapse of the economies of Southeast Asia, which began with the July 2nd. devaluation of the Thai baht, culminating in the October 24th. shock of the Wall Street represents a phenomena in t