Liberalization, Growth, and the Asian Financial Crisis

Liberalization, Growth, and the Asian Financial Crisis
Author: Mohamed Ariff
Publisher: Edward Elgar Publishing
Total Pages: 552
Release: 2000-01-01
Genre: Business & Economics
ISBN: 9781781952733

This work examines the effects of financial liberalization of the more advanced economies in Southeast Asia and analyses the degree to which emerging and transitional economies in East and South Asia can benefit from this example.

Beyond the Asian Crisis

Beyond the Asian Crisis
Author: Anis Chowdhury
Publisher: Edward Elgar Publishing
Total Pages: 400
Release: 2001-01-01
Genre: Business & Economics
ISBN: 9781781009901

'The volume is certainly interesting and well-informed and would make a valuable addition to reading lists for courses on East Asian economic development.' - Anne Booth, Asia Pacific Business Review As Southeast and Northeast Asia recover from the Asian crisis and return to a state of growth, the authors of this book assess the lessons to be learned from the crisis to achieve sustainable development in the future. While the importance of each factor contributing to the crisis varies from country to country, their collective experience has created unprecedented turmoil in current thinking on development policy.

The Asian Financial Crisis

The Asian Financial Crisis
Author: Morris Goldstein
Publisher: Peterson Institute
Total Pages: 236
Release: 1998
Genre: Business & Economics
ISBN: 9780881322613

The turmoil that has rocked Asian markets since the middle of 1997, and that is now having such deep effects on the economies in the region, is the third major currency crisis of the 1990s. This study explains how the Asian crisis arose and spread. It then outlines the corrective policy measures that could help end the crisis, and the shortcomings that have been revealed in the international financial system that require reform to reduce the chances of a recurrence.

The Asian Financial Crisis

The Asian Financial Crisis
Author: Wing Thye Woo
Publisher: MIT Press
Total Pages: 300
Release: 2000
Genre: Business & Economics
ISBN: 9780262692458

This book analyzes the Asian financial crisis of 1997-1999. In addition to the issues of financial system restructuring, export-led recovery, crony capitalism, and competitiveness in Asian manufacturing, it examines six key Asian economies--China, Indonesia, Japan, Korea, Malaysia, and Thailand. The book makes clear that there is little particularly Asian about the Asian financial crisis. The generic character of the crisis became clear during 1998, when it reached Russia, South Africa, and Brazil. The spread of the crisis reflects the rapid arrival of global capitalism in a world economy not used to the integration of the advanced and developing countries. The book makes recommendations for reform, including the formation of regional monetary bodies, the establishment of an international bankruptcy system, the democratization of international organizations, the infusion of public money to revive the financial and corporate sectors in Pacific Asia, and stronger supervision over financial institutions. The book emphasizes a mismatch in Pacific Asia between investment in physical hardware (e.g., factories and machinery) and in social software (e.g., scientific research centers and administrative and judiciary systems). In a world of growing international competitiveness, concerns over governance will weigh increasingly heavily on unreformed Asian countries. The long-term competitiveness of Asia rests on its getting its institutions right.

The Political Economy of the Asian Financial Crisis

The Political Economy of the Asian Financial Crisis
Author: Stephan Haggard
Publisher: Peterson Institute
Total Pages: 310
Release: 2000
Genre: Business & Economics
ISBN: 9780881322835

This study not only examines the countries most severely affected by the Asian financial crisis, but also draws lessons from those whose economies escaped the worst problems. The author focuses on the political economy of the crisis, emphasizing long-standing problems and crisis management tactics.

The Causes and Impact of the Asian Financial Crisis

The Causes and Impact of the Asian Financial Crisis
Author: C. Harvie
Publisher: Springer
Total Pages: 243
Release: 2016-01-20
Genre: Business & Economics
ISBN: 0333982940

As witness to one of the world's great crises in recent times, academics and students, business people, national and international government analysts, policy makers and political leaders worldwide have been pre-occupied by an effort to adequately unravel or sufficiently understand the factors that have brought about the so-called Asian financial, currency or economic crisis and hopefully to find plausible cures or solutions to it. This book examines the impact of economic globalization in developing economies and it applies empirical studies of all of the major countries to theoretical perspectives on the crisis.

Economic Dynamism of Asia in the New Millenium

Economic Dynamism of Asia in the New Millenium
Author: Yoshinori Shimizu
Publisher: World Scientific
Total Pages: 408
Release: 2007
Genre: Business & Economics
ISBN: 9812568980

Presents papers on various movements that have emerged after the Asian financial crisis, which lead to Asia becoming the growth center of the world. Beginning with the analysis of the Asian crisis, this book then studies the impact of these events on the Hong Kong economy, the government's role in Indonesia and financial restructuring in Thailand.

Southeast Asia beyond Crises and Traps

Southeast Asia beyond Crises and Traps
Author: Boo Teik Khoo
Publisher: Springer
Total Pages: 322
Release: 2017-09-18
Genre: Business & Economics
ISBN: 3319550381

This book examines five countries in South East Asia that are instructive case studies of how the region has had to negotiate pathways of development beyond crises and traps. At two ends of just one decade, 1997–2007, Indonesia, Malaysia, the Philippines, Thailand and Vietnam all had to weather the shocks of an East Asian financial crisis and a global financial crisis. Some economies might have buckled completely under those shocks and been condemned to long-term stagnation. Yet these five economies, part of the larger Asian region, emerged with continued if slower economic growth. An important theme of this book is that their resilience has been partly derived from the pursuit of growth and competitiveness along less known or recommended pathways. The chapters of this book take a novel approach to South East Asia’s search for growth and improvement. They do not begin by evaluating how far macro-level performances would take a particular country towards high-income status. Instead they provide original insights into actual cases of intermediate ways of achieving growth, upgrading and income improvement in non-privileged sectors. Such cases may hold more relevant lessons for the majority of developing countries than the experiences of highly developed economies.

Managing Economic Development in Asia

Managing Economic Development in Asia
Author: Kuotsai Liou
Publisher: Bloomsbury Publishing USA
Total Pages: 310
Release: 2002-03-30
Genre: Business & Economics
ISBN: 0313010544

From 1965 to 1990, the 23 East Asian economies grew faster than all other regions of the world. The high-performing economies of Japan, South Korea, Taiwan, Hong Kong, Singapore, Thailand, Malaysia, and Indonesia experienced low and declining levels of income inequality as well. The June 1997 financial crisis has challenged these economies. Many of the high-performing economies have experienced serious problems, including falls in currency and equity markets, significant slowdowns in international trade, and setbacks in economic growth. Emphasizing the role of government and the importance of managing development, this book provides an overview of the major impact of the financial crisis on selected Asian countries and of the development policies implemented. Examining the experience of managing economic development, the book includes contributed chapters on China, Hong Kong, Indonesia, Japan, Korea, Malaysia, Taiwan, Thailand, Singapore, and Southeast Asia. It will be a useful resource for scholars, students, and those researching Asian economic development.

Lessons from the Asian Financial Crisis

Lessons from the Asian Financial Crisis
Author: Richard Carney
Publisher: Routledge
Total Pages: 352
Release: 2009-01-13
Genre: Political Science
ISBN: 1134017251

Nearly ten years after the Asian Financial Crisis, financial turmoil has reappeared – this time it is ravaging the world's wealthiest countries and dragging the global economy along for the ride. It forces one to reflect on the last major financial crisis to afflict the global economy, and to consider whether there are any similarities, and whether there are any lessons from that crisis that we can apply to the current one. Written by a distinguished group of individuals from government, the private sector, international organizations, and academia, this book provides an overview of developments in the main affected countries during the Asian Financial Crisis, as well as the lessons learned and corrective measures taken at the country, regional, and international levels. Importantly, attention is also paid to the areas where substantial improvements are needed. The current crisis heightens the relevance of these lessons. Lessons from the Asian Financial Crisis will be invaluable to those studying international relations, international finance, international economics and East Asian studies.