SINGAPORE — With apologies to authors Mark Twain and Edward Gibbon, reports of the decline and fall of Southeast Asia have been greatly exaggerated. A recent three-week swing through the territory, with touchdowns in Bangkok, Kuala Lumpur, Singapore and Jakarta, found no premature rejoicing, but the mending is underway after wrenching reversals. The economic reverberation of Thailand's currency plunge in July 1997 was sharp and painful but relatively brief. Today, all of the so-called ...

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