During the Asian financial crisis, the leading financial powers seemingly either declined to take part in the rescue operations, as the United States did in Thailand, or proposed unattainable solutions. The result was the creation of .

The correct answer is ASEAN+3.

Explanation:

ASEAN + 3 is the association of Southeast Asian nations, which was created in 1967 by Thailand, Indonesia, the Philippines, Singapore and Malaysia. Currently it is made up of 10 countries in Southeast Asia, and its general objective is to increase the economy of these countries and promote stability in the region. The +3 is to recognize the accession of three countries that do not belong to this region, which are: Japan, China and South Korea.

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