With the U.S. and other first-world economies deep in debt and growing sluggishly, most of the world's economic expansion is now coming from developing nations.
Investors, meanwhile, have been pouring money into emerging markets, pumping up their stock prices and currency exchange rates.
Nearly a decade and a half ago, a similar flood of money caused Asian economies to tank and governments to crumble. This time, governments in Southeast Asia may have learned lessons to avert an economic meltdown similar to what took place then.