2 edition of social impact and responses to the current East Asian economic and financial crisis found in the catalog.
social impact and responses to the current East Asian economic and financial crisis
Joseph Y. Lim
|Statement||by Joseph Y. Lim.|
|Contributions||United Nations Development Programme. Regional Bureau for Asia and the Pacific.|
|LC Classifications||HC455 .L55 1998|
|The Physical Object|
|Pagination||iii, 92 p. ;|
|Number of Pages||92|
|LC Control Number||2002346554|
This briefing note provides a broad survey of the social impact of the crisis, based on available data and work in progress under an ADB regional technical assistance study. Assessing the Social Impact of the Financial Crisis in Asia | Asian Development BankCited by: Financial Liberalization and the Economic Crisis in Asia analyses how financial liberalization was undertaken in eight Asian countries and how it might be linked to the subsequent crises. The country studies focus on China, India, Indonesia, Japan, Malaysia, the Philippines, South Korea and : Hardcover.
This book examines the causes and development of the Asian financial crisis, with special emphasis on its lessons for China and Hong Kong. Consideration is given to the broader issues exposed by the crisis that still need to be addressed. They include the need for better market regulation, greater transparency and improved corporate Size: KB. Financial Crisis: A financial crisis is a situation in which the value of financial institutions or assets drops rapidly. A financial crisis is often associated with a panic or a run on the banks Author: Will Kenton.
The Asian Financial Crisis of affected many Asian countries, including South Korea, Thailand, Malaysia, Indonesia, Singapore, and the posting some of the most impressive growth rates in the world at the time, the so-called "tiger economies" saw their stock markets and currencies lose about 70% of their value. The East Asian countries were hit hard by the financial crisis of but experienced a significant and remarkable recovery due in part to far-reaching economic and regulatory reforms. However, a decade later, the Asian countries are suffering again from the ongoing global economic crisis which began in the summer of
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Nomic policies and financial and corporate sector restructuring and reforms, including efforts to work out the foreign debt diffi-culties of the private sector. The last section considers the social impact of the crisis and policy measures to mitigate these effects.
This chapter’s key messages: • File Size: KB. The social impact of financial crisis in East Asia - evidence from the Philippines, Indonesia and Thailand (English) Abstract. The study focuses on the social impact, as suffered in three Asian countries - Philippines, Indonesia and Thailand - following the financial crisis, seemingly a much less homogeneous, and universal impact than initially by: 8.
This book analyzes the social impact of the Asian financial crisis and its policy implications. It documents the severe rise in unemployment and its repercussions in the worst-affected countries. social impact of the crisis. Conclusion It seems clear that the evolving social crisis is both massive and potentially long-lasting.
This is because the Asian financial and economic crisis, underpinned by structural problems, is more diffi-cult to overcome than, say, the Mexican File Size: KB. The Asian financial crisis was a period of financial crisis that gripped much of East Asia and Southeast Asia beginning in July and raised fears of a worldwide economic meltdown due to financial contagion.
The crisis started in Thailand (known in Thailand as the Tom Yam Kung crisis; Thai: วิกฤตต้มยำกุ้ง) on 2 July, with the financial collapse of the Thai baht.
A Tale of an Economic Crisis: How the Economic Crisis Started, Developed and is Ending in Thailand 3. Financial Crisis and its Social Impact in Malaysia 4. Indonesia in Crisis: Causes and Consequences 5. Socioeconomic Dimension of the Asian Crisis: Impact and Household Response in the Philippines 6.
The Financial Crisis: Taiwan and Asia 7. The overall negative net impact of the crisis on external current account projections for is estimated to have ranged between and percentage points of GDP for nine oil-importing countries in sub-Saharan Africa, but to have been considerably smaller (or, in some cases, even positive) for all the other countries in this group.
This book analyzes the Asian financial crisis of 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 Political Economy of the Asian Financial Crisis The Asian economic crisis of was a singular event in the region’s postwar economic history. Adverse external shocks had struck the devel-oping countries of East and Southeast Asia in the past, most notably the oil price increases of the s and early s.
Individual countries had. Asian Financial Crisis July –December A financial crisis started in Thailand in July and spread across East Asia, wreaking havoc on economies in the region and leading to spillover effects in Latin America and Eastern Europe in From the Asian Financial Crisis to the Global Economic Crisis: Lessons from Korea’s Experience Bang Nam Jeon1 Drexel University I.
Introduction The East Asian countries were hit hard by the financial crisis of but experienced a significant and remarkable recovery due in part to far-reaching economic and regulatory Size: KB. Social Responses to the Financial Crisis in East and South-East Asian countries to be held in Bangkok from April The present paper starts by providing a brief overview of the pre-crisis situation regarding economic growth, employment, labour market and poverty in Indonesia.
It points out that the. The Asian financial crisis began in mid in Thailand; by year's end, it had spread to Indonesia, South Korea, and other countries. The details of how the crisis affected each of. Global impact of the crisis.
So what does all of this imply for the global economic outlook. Overall, the world should see a significant slowdown in economic growth this year, in large part due to the Asian crisis. But this slowdown is likely to be much less pronounced than those of. The conference was organised in response to the financial crisis of which started in the United States and Europe, with reverberating effects on a global scale.
Economic problems emanating from such crises usually leave major social and structural impacts on important sectors of the society internationally. Twenty years ago, on July 2,the Thai baht broke its peg with the U.S.
dollar, signalling the start of the Asian financial crisis. This soon developed into full-blown crises in Thailand, Indo Author: Barry Sterland. 'Overall, the book provides a highly comprehensive account of how Asian countries responded to the crisis and time and again authors question the desirability and sustainability of the current development model.' - Asian-Pacific Economic Literature, May This publication suggests that the crisis is an opportunity to rethink the model of.
* South East Asian countries like Thailand, Malaysia etc for several years before were receiving large amount of short term portfolio investment money. This is often called "hot money" because it can leave the country very quickly - unlike i. This chapter argues that Malaysia, being a small open economy with a strong export-dependent manufacturing sector, was particularly vulnerable to the global financial crisis.
This chapter discusses the importance of trade to the economy and Malaysiafs reliance on demand generated by developed economies. The chapter analyzes the impact of the current crisis on the Malaysian economy and. In the summer ofa tidal wave of economic problems swept across Asia. Currencies plummeted, banks failed, GNP stagnated, unemployment soared, and exports stalled.
In short, the vaunted "Asian Economic Miracle" became the "Asian Economic Crisis"--with serious repercussions for nations and markets around the world. While the headlines are still fresh, a group of experts on the region. Haggard has a good name in East Asia field. but this title disappointed me.
it's not that scholarstic but journalistic. what are enumerated on his book is not new or insightful at all to asian specialist. if you have read articles on Asia from FT or Wall Street Journal, The Economist, You should know what I mean.
at best this book is no more than enlarged The by: Economic Growth in East Asia Before and After the Financial Crisis Robert J. Barro. NBER Working Paper No.
Issued in June NBER Program(s):Economic Fluctuations and Growth Program Infive east Asian countries -- Indonesia, Malaysia, South Korea, the Philippines, and Thailand -- experienced sharp currency and banking crises.The East Asian financial crisis is remarkable in several ways.
The crisis hlt the most rapidly growing economies in the world and prompted the largest financial bailouts in history. It is the sharpest financial crisis to hit the developing world since the debt crisis.