From Asian to Global Financial Crisis

From Asian to Global Financial Crisis
Author: Andrew Sheng
Publisher: Cambridge University Press
Total Pages: 505
Release: 2009-09-28
Genre: Business & Economics
ISBN: 1139481916

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This is a unique insider account of the new world of unfettered finance. The author, an Asian regulator, examines how old mindsets, market fundamentalism, loose monetary policy, carry trade, lax supervision, greed, cronyism, and financial engineering caused both the Asian crisis of the late 1990s and the global crisis of 2008–9. This book shows how the Japanese zero interest rate policy to fight deflation helped create the carry trade that generated bubbles in Asia whose effects brought Asian economies down. The study's main purpose is to demonstrate that global finance is so interlinked and interactive that our current tools and institutional structure to deal with critical episodes are completely outdated. The book explains how current financial policies and regulation failed to deal with a global bubble and makes recommendations on what must change.

Globalization and the Asian Economic Crisis

Globalization and the Asian Economic Crisis
Author: Canadian Council for Southeast Asian Studies
Publisher:
Total Pages: 528
Release: 2000
Genre: Business & Economics
ISBN:

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Globalization and the Asia Pacific Economy

Globalization and the Asia Pacific Economy
Author: Kyung Tae Lee
Publisher: Taylor & Francis
Total Pages: 338
Release: 2003-09-02
Genre: Business & Economics
ISBN: 1134463650

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This book looks at globalisation in historical perspective and *examines the experience of East Asian economies during the financial crisis *provides an account of globalisation through the activities of Japanese multinational enterprises *deals with the social consequences of exposure to the financial market risks of globalisation in East Asia *details the experience of East Asian economies in managing the financial crisis *draws lessons from East Asian experience with financial market liberalisation *asks what approaches to international financial cooperation, trade policy and corporate governance can assist East Asian interests in the world economy.

Economic Globalization in Asia

Economic Globalization in Asia
Author: Manas Chatterji
Publisher: Routledge
Total Pages: 214
Release: 2017-03-02
Genre: Political Science
ISBN: 1351941895

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This timely volume examines various economic, managerial, social and political aspects of globalization and its impact on local economies. State-of-the-art analytical models and original empirical research is used to understand four key and interrelated facets of globalization; ¢ To understand the prospects and the problems of international business and MNCs in the global economy. ¢ To analyze globalization as a process of change. ¢ To understand the new roles of nation states in light of the above. ¢ To articulate the uneasy idea that globalization has resulted in serious imbalances in the global economy. The collection hosts a list of internationally eminent scholars who explain the implications of globalization for progress, crises and conflicts in South and Southeast Asia.

The Asian Financial Crisis and the Architecture of Global Finance

The Asian Financial Crisis and the Architecture of Global Finance
Author: Gregory W. Noble
Publisher: Cambridge University Press
Total Pages: 322
Release: 2000-09-11
Genre: Business & Economics
ISBN: 9780521794220

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An examination of the political and economic causes and consequences of the Asian financial crises.

The Asian Financial Crisis

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

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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 Crisis Turns Global

The Asian Crisis Turns Global
Author: Manuel F. Montes
Publisher: Institute of Southeast Asian Studies
Total Pages: 135
Release: 1999-02-22
Genre: Business & Economics
ISBN: 9812300503

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In August 1998, the Asian currency crisis that had started in mid-1997 metastasized into a global financial crisis with the devaluation of the rouble and a declaration of a Russian Government default on its internal debt. Is this the first wave of such crises the world will see in the future? One common feature among the countries that have fallen victim to the crisis is that they were all "darlings of international finance". Before the financial crisis of 1997, international investors poured money into the stock markets of the East Asian economies, Latin America, Russia, and Eastern Europe. That the crisis afflicted the very countries that depended most heavily on the international economy for their economic growth suggests the importance of the international dimension -- this is the focus of this book. Even though, from the outside, the currency collapses looked similar, the analysis also identifies the important differences in domestic causes as it spread through the different economies.

The Asian Financial Crisis

The Asian Financial Crisis
Author: Eddy Lee
Publisher: International Labour Organization
Total Pages: 112
Release: 1998
Genre: Asia
ISBN: 9789221108504

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This study examines the social impact of the Asian financial crisis which began in July 1997. Several countries experienced an economic shock of unprecedented severity after decades of uninterrupted growth. The severe rise in unemployment and its repercussions in the worst-affected countries (Thailand, Republic of Korea and Indonesia) overwhelmed the underdeveloped systems of social protection. Higher unemployment and inflation combined to push many people into poverty. A central policy message is that current programmes of policy and institutional reform following the crisis, should include a basic rethinking of the social dimension of the future model of development. The author also argues for the introduction of unemployment insurance, the expansion of social assistance and the strengthening of active labour market policies.

Globalisation and Economic Security in East Asia

Globalisation and Economic Security in East Asia
Author: Helen E. Nesadurai
Publisher: Routledge
Total Pages: 278
Release: 2012-09-11
Genre: Business & Economics
ISBN: 1134190433

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What is the relationship between globalization and economic security? Globalisation and Economic Security in East Asia is an incisive new engagement with this important question that uses detailed conceptual exploration and fresh empirical analysis. Viewing traditional neorealist conceptions of economic security as overly narrow, this new study suggests that any conception of economic security in the contemporary era needs to also pay close attention to the nature of global capitalism, and the insecurities it generates for societies and individuals. This uniquely open-ended approach to conceptualizing economic security is supported by the East Asian experience. The country case studies included here reveal that while economic security has largely been posed as one of ensuring sustainable economic growth and equitable social development, particularly following the 1997 to 1998 Asian financial crisis, other, more realist conceptions of economic security have not become irrelevant. This is also an exploration of whether and how national, regional and multilateral institutions, as well as non-state regional mechanisms, help policy makers meet the task of governing in the interests of economic security. This book will be of great interest to all students and scholars of international relations, international political economy of East Asia globalization and security studies.

Neoliberalism and Conflict In Asia After 9/11

Neoliberalism and Conflict In Asia After 9/11
Author: Garry Rodan
Publisher: Routledge
Total Pages: 262
Release: 2013-09-13
Genre: Political Science
ISBN: 1317998251

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Key events in Asia’s recent history have included the end of the Cold War, the Asian Economic Crisis and the ‘war on terror’. This is a critical assessment of these events, and of the interplay of security and economics in shaping political regimes and modifying market systems. Based on the notion that market systems are inherently political and conflict-ridden, this collection clarifies and explains the conflicts shaping the path of neoliberal globalization. Collectively it represents a disciplined and systematic address of four overarching questions: * What are the significant conflicts emanating from neoliberal globalization, and what are their implications? * What are the implications of new security concerns for these conflicts, and what are their impacts? * How are conflicts associated with globalization and security affecting social and economic policy directions? * Can these directions be reconciled with the reproduction of existing political regimes, or do they threaten their basis? In addressing these questions, the essays depict neoliberal globalization – in the new security context – as being able to accommodate a range of political regimes. This fascinating collection is a must-read for those with a professional interest in the region post-9/11. This book was previously published as a special issue of the Journal Critical Asian Studies.