The Asian Regional Response To Its Economic Crisis And The Global Implications

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Asian Responses to the Global Financial Crisis

Author : Jehoon Park,T. J. Pempel,Geng Xiao
Publisher : Edward Elgar Publishing
Page : 305 pages
File Size : 53,8 Mb
Release : 2012-01-01
Category : Business & Economics
ISBN : 9781781003916

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Asian Responses to the Global Financial Crisis by Jehoon Park,T. J. Pempel,Geng Xiao Pdf

This book takes account of the global financial crisis from Asian perspectives, considering Asian responses to the crisis via two key arenas – regionalism in Asia and the G20. The expert contributors – both Asian and Western – illustrate that as G20 members, many Asian countries are now able to showcase their increasing powers and influence on global issues. Within this context, and via multidisciplinary economic and political science perspectives, the book deals with various issues such as World System analysis, the debate between the Washington Consensus and the Beijing Consensus, roles within the G20, and the contribution of 'middle' powers such as Korea and Australia. The application of European experiences to Asia is also considered, as are perspectives from the US. The book concludes that the key to resolving the current global economic crisis lies in how quickly a new global governance and monitoring system can be constructed, and that there are multiple roles for Asian countries to play in its development. Written with a uniquely multidisciplinary approach, this book will prove a fascinating read for a wide-ranging audience encompassing academics, students, researchers and policymakers in a number of fields including Asian studies, economics, public policy and regional studies.

The Impact of the Economic Crisis on East Asia

Author : Daigee Shaw,Bih Jane Liu
Publisher : Edward Elgar Publishing
Page : 233 pages
File Size : 54,7 Mb
Release : 2011-01-01
Category : Business & Economics
ISBN : 9780857931702

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The Impact of the Economic Crisis on East Asia by Daigee Shaw,Bih Jane Liu Pdf

This insightful book explores the economic conditions and policy response of four major East Asian economies in the wake of the 2008 global economic crisis. Written by a distinguished group of Asian social scientists, this study summarizes and synthesizes the economic impacts of the crisis on individual countries and their policy response over the past few years, and in particular carefully scrutinizes the immediate and remote causes of the crisis. It not only offers an assessment of the impacts of the crisis, and identifies specific country measures that can be undertaken to stabilize the situation, but also looks at the crisis from three important economic perspectives: that of a healthy fiscal system, international trade, and the energy market. This insightful research monograph will be gratefully received by academics in economics and development studies as well as public policy think tanks. Government economic planning agencies in emerging countries, as well as international economic organizations and institutions such as World Bank and United Nations will also find plenty of key insights and important information in this path-breaking book.

The Global Financial Crisis and Asia

Author : Masahiro Kawai,Mario B. Lamberte,Yung Chul Park
Publisher : Oxford University Press
Page : 343 pages
File Size : 54,8 Mb
Release : 2012-10-25
Category : Business & Economics
ISBN : 9780199660957

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The Global Financial Crisis and Asia by Masahiro Kawai,Mario B. Lamberte,Yung Chul Park Pdf

This book demonstrates how Asian countries tried to minimize the impact of the global financial crisis, identifies structural weaknesses in their economies, and discusses policy options for strengthening Asian economies to avoid future crises and promote sustainable growth in the long-term.

East Asia in Crisis

Author : Stephen Blank
Publisher : DIANE Publishing
Page : 38 pages
File Size : 43,5 Mb
Release : 1999
Category : Associations, institutions, etc
ISBN : 9781428912205

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East Asia in Crisis by Stephen Blank Pdf

The financial crisis that began in Thailand in mid-1997 has now become a global one. It has consumed governments upset defense planning and the regional standing of major powers in Asia, and is forcing us to rethink Asia's entire past and future political trajectory. The security implications go beyond merely the crash of unsound financial systems. Governments have fallen across Asia and in Russia. Civil violence is currently taking place in Indonesia, a key Asian state. Defense research, development and procurement have been postponed in most Asian countries. The crisis and its reverberations have shaken financial markets and governments as far away as Brazil. In order to assess the dangers posed by this crisis to Asian and U.S. security interests, the Strategic Studies Institute (SSI) cosponsored a conference with the National Bureau of Asian Research and the Reserve Officers Association in Seattle, Washington on June 9-10, 1998. This conference represented a unique opportunity to conduct such an assessment since it brought together participants from government the military, academia, international financial institutions, and Asia.

Crisis and Conflict in Asia

Author : Purnendra Jain,Greg O'Leary
Publisher : Unknown
Page : 312 pages
File Size : 43,7 Mb
Release : 2002
Category : Business & Economics
ISBN : UCSD:31822034499087

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Crisis and Conflict in Asia by Purnendra Jain,Greg O'Leary Pdf

This book focuses primarily on the vents and consequences that followed the July 1997 collapse of the Thai bhat. The contributions reflect the range in approach and focus of scholarship in the region. In the first section, Gareth Evans presents a detailed overview of the conflicts that the crisis has precipitated in the region, while Bob Catley outlines the post-Cold War strategic arrangements of the region and their implications. Sang-hwa Chung provides an outline of the economic crises experienced by the worst affected countries. Iyanatul Islam discusses the implications of the crisis from US perspectives and Western institutions. In the second section, N. Ganesan, Ikrar Nusa Bhakti, Gerry Groot and Samina Ahmed examine political and strategic dimensions of the crises and the responses to them. In the third section, Stuart Harris, Akiko Fukushima, Felix Patrikeeff and Brahma Chellaney analyse territorial, sovereignty and nuclear issues arising from the crises. In the final section, Graeme Hugo, Lesley Potter and Sri Moertiningsih Adioetomo concentrate on the social, ecological and human aspects of the crises.

The Global Financial and Economic Crisis in the South

Author : Leon-Manriquez, Jose Luis,Moyo, Theresa
Publisher : CODESRIA
Page : 358 pages
File Size : 41,9 Mb
Release : 2017-05-03
Category : Business & Economics
ISBN : 9782869786370

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The Global Financial and Economic Crisis in the South by Leon-Manriquez, Jose Luis,Moyo, Theresa Pdf

This book is the outcome of a South-South conference jointly organized by the Asian Political and International Studies Association (APISA), the Latin American Council of Social Sciences (CLACSO) and the Council for the Development of Social Science Research in Africa (CODESRIA) in Dakar, Senegal, May 2012. The conference was organised in response to the financial crisis of 2008 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. They affect living standards and constrain the well-being of people, especially in poor countries. Persistent problems include high unemployment, increased debt and low growth in developed countries, as well as greater difficulties in accessing finance for investment in the developing world. There is a need for countries in the South to examine the available options for appropriate national and regional responses to the different problems emanating from the economic crisis. This book attempts to provide ideas on some strategic responses to the disastrous impact of the crisis, while keeping in mind the global common interest of the South. It is hoped that the book will contribute significantly towards the agenda to rethink development and the quest for alternative paradigms for a just, stable and equitable global political, economic and social system. A system in which Africa, Asia, and Latin America are emancipated from the shackles of hegemonic and anachronistic neoliberal dictates that have nothing more to offer than crises, vulnerabilities and dependency.

Globalization and the Asian Economic Crisis

Author : Canadian Council for Southeast Asian Studies,Northwest Regional Consortium for Southeast Asian Studies,University of British Columbia. Centre for Southeast Asia Research
Publisher : Unknown
Page : 528 pages
File Size : 55,9 Mb
Release : 2000
Category : Business & Economics
ISBN : UCSD:31822031084320

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Globalization and the Asian Economic Crisis by Canadian Council for Southeast Asian Studies,Northwest Regional Consortium for Southeast Asian Studies,University of British Columbia. Centre for Southeast Asia Research Pdf

Taking the Helm

Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 107 pages
File Size : 45,7 Mb
Release : 2009-04-01
Category : Business & Economics
ISBN : 9789292547059

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Taking the Helm by Asian Development Bank Pdf

The global financial crisis quickly evolved into a full blown economic crisis that has hit the Pacific. The looming impacts look to be larger than expected 6 months ago, are unfolding rapidly, and are likely to be felt over 2009 and into 2010. Even if the global economy picks up in the second half of 2010, as the most recent forecasts suggest, it may take until 2011 for the Pacific economies to fully recover. This policy brief looks at the challenges created by the global economic crisis and discusses policy options to mitigate its impacts. Should monetary policy be relaxed? Is a fiscal stimulus appropriate? What would a fiscal stimulus look like, and how long should one last? What can be learnt from the actions of neighboring economies? These are the sort of pragmatic considerations that the region's economic decision makers are facing. This policy brief tries to help decision makers "take the helm" in finding a way through these difficult economic times.

Asia and the Global Economic Crisis

Author : J. Dowling,P. Rana
Publisher : Springer
Page : 277 pages
File Size : 47,9 Mb
Release : 2010-09-17
Category : Business & Economics
ISBN : 9780230307025

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Asia and the Global Economic Crisis by J. Dowling,P. Rana Pdf

This book provides an analysis of the global economic crisis from an Asian perspective. It examines the impacts of the policy measures adopted, the remaining challenges in rebalancing the global economy, the next steps in regional economic integration in Asia, and issues related to reform of the international financial architecture.

Tigers' Roar

Author : Julian Weiss
Publisher : Routledge
Page : 351 pages
File Size : 45,8 Mb
Release : 2016-09-16
Category : Business & Economics
ISBN : 9781315291390

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Tigers' Roar by Julian Weiss Pdf

Despite Asia's protracted economic troubles, the region is poised to recover and perhaps become stronger than ever. This timely work identifies the major challenges facing Asia's Four Tigers (Singapore, Taiwan, South Korea, and Hong Kong), Japan, China, and their Southeast Asian neighbors (Thailand, Indonesia, Malaysia, and the Philippines) as the region increases it role and stature on the world stage. Highly regarded Asia policy makers and opinion shapers consider such key questions as: What is the appropriate response to China's ascent? Are there prospects for U.S.-Asian partnerships (in such areas as the environment)? Is economic cooperation between both sides of the Pacific realistic? How can Americans gain from Asia's attempts to rebuild her institutions? And will East Asia and the United States adjust to a multi-polar security and economic milieu?

The Global Economic Crisis

Author : Asean Studies Center
Publisher : Institute of Southeast Asian Studies
Page : 167 pages
File Size : 43,8 Mb
Release : 2010
Category : Business & Economics
ISBN : 9789814279413

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The Global Economic Crisis by Asean Studies Center Pdf

Comprises papers presented at the ASEAN Roundtable of 18 June 2009. Covers issues of social, strategic and political implications, the economy and finance.

Road to Recovery

Author : Sanchita Basu Das
Publisher : Institute of Southeast Asian Studies
Page : 252 pages
File Size : 52,7 Mb
Release : 2010-08-03
Category : Business & Economics
ISBN : 9789814311052

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Road to Recovery by Sanchita Basu Das Pdf

Singapore had been one of the nations severely affected by the 2008-09 global financial and economic crisis. The city state came under pressure through the financial, trade, and confidence channels. To counter these shocks, Singapore policymakers undertook unprecedented monetary and fiscal policy measures. They subsequently charted a revival strategy that would help the country emerge stronger after the crisis. These all-encompassing policies together with the global economic recovery in 2009 helped the city state bounce back faster and stronger than many other regional economies. This book provides an insight into the events that occurred during the crisis and Singapore's successful navigation to economic recovery. "Although much has been written about the global financial crisis of 2008-09, not enough has been said about how it affected Singapore and the policy response. In this highly readable book, Sanchita Basu Das fills this gap, explaining how the crisis rippled through the Singapore economy via trade channels, the financial sector, and asset markets. But the greatest strength of this volume is its comprehensive account of the extraordinary measures Singapore put in place to deal pre-emptively with what could have been huge declines in output and employment in the face of the collapse of trade and credit flows. Singapore's multi-pronged approach, and especially the fiscal support and loan guarantees contained in the 2009 budget, must go down as one of the boldest and most creative policy responses to a crisis. It is a valuable lesson to economics students and practitioners alike. This book gives you the full story." Vikram Khanna Associate Editor The Business Times "Sanchita Basu Das is to be congratulated for providing a fascinating, accessible, and forward-looking analysis of Singapore's response to the global economic crisis of 2008-09. As a highly trade-dependent economy, Singapore was hit hard by these events. But the government was nimble and quick to react. The author describes and evaluates this response, and draws out general lessons for crisis management and mitigation in small open economies. Highly recommended." Hal Hill H.W. Arndt Professor of Southeast Asian Economies Australian National University. "This is a comprehensive account of the impact of the global financial crisis on Singapore -- one of the most open economies in the world -- and policy responses by the government and central bank. The book identifies the need to move to a more knowledge-intensive economy as the key policy challenge for post-crisis Singapore." Masahiro Kawai Dean and CEO Asian Development Bank Institute "Singapore was affected disproportionately by the global economic crisis of 2008-09. While it is currently rebounding impressively, government officials and the private sector would do well to learn from the crisis experience in devising future policies. Moreover, the Singapore experience is instructive as to how external economic shocks can be transmitted to open economies and, hence, has great relevance beyond its borders. This book by Sanchita Basu Das gives a comprehensive survey of Singapore in crisis and provides a wealth of information and insightful analysis, using clear, non-technical language. It is extremely useful contribution to scholars, policymakers, and other students of Asian economics." Michael G. Plummer Organisation for Economic Co-operation and Development (OECD)