The Asian financial crisis led to the creation of the ASEAN+3.

Name: The Asian financial crisis led to the creation of the ASEAN+3.
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The Asian financial crisis in 1997-1998 was a key factor that led to the creation of the ASEAN+3 group, which includes the ten ASEAN member states plus China, Japan, and South Korea, to improve economic cooperation and prevent future financial crises in the region.

The Asian Financial Crisis Led to the Creation of the ASEAN+3