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Economy

How Asia shapes up 20 years after 1997 financial crisis

Financial systems are more robust, but new risks abound

Bangkok's Ghost Tower: a lingering hangover from Thailand's giddy boom in the 1990s. (Photo by Nozomu Ogawa)

TOKYO/BANGKOK Overlooking the Chao Phraya River that flows through Bangkok stands a 49-story high-rise covered with mold and graffiti. Infamously known as the "Ghost Tower," the structure has so deteriorated under the harsh tropical conditions that its fate now could be demolition.

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