1997年爆发的东亚金融危机结束了东亚持续高增长的“奇迹”，凸显了东亚以出口导向为基本发展战略的经济增长模式所具有的内在缺陷。危机爆发后东亚各国家或地区采取了一系列危机对策，其实质是对模式缺陷进行有针对性的调整。经过了十年的恢复与调整，东亚在应对2008年爆发的国际金融危机中所展示的抗危机能力，表明前一阶段的调整取得了一定成效，但还未能从根本上克服东亚模式的内在缺陷，东亚经济的增长与稳定仍受外部市场环境的极大影响。
The East Asian financial crisis broke out in 1997 ended the East-Asian“miracle”of long-term high economic growth and exposed inherent flaws of the East-Asian export-oriented development strategy as the basic model of economic growth.During the period of the East-Asian crisis，countries adopted a series of policies to response the crisis which in essence to some degree were s king of adjustments in development strategy.After a decade of recovery and adjustment，East Asia has increased its capability to resist the risk from the financial crisis happened in 2008，however，these adjustment policies did not fundamentally overcome the inherent weaknesses of the East-Asian model.Therefore，East-Asian economic growth and stability still depends greatly on the external market environment.
