Managing Economic Crisis in Southeast Asia

Managing Economic Crisis in Southeast Asia PDF Author: Saw Swee-Hock
Publisher: Institute of Southeast Asian Studies
ISBN: 9814311790
Category : Business & Economics
Languages : en
Pages : 362

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Book Description
This book incorporates a selection of eight revised papers presented at the Conference on "Managing Economic Crisis in Southeast Asia", organized jointly by the Saw Centre for Financial Studies, NUS Business School and the Institute of Southeast Asian Studies, in January 2010. The chapters deal with the management of the 2008-09 economic crisis in Singapore, Malaysia, Thailand, Vietnam, the Philippines, Indonesia, and the region as a whole. They represent an analysis of the impact of the economic crisis and the stimulus packages that were swiftly put in place by the governments to mitigate the economic recession and to pave the way for a quick recovery. The success of the monetary and fiscal policy measures in engendering a strong economic recovery in these countries is also discussed in considerable depth. The book, with contributions from experts on the topics covered, will be extremely valuable to businessmen, analysts, academics, students, policy-makers and the general public interested in seeking a greater understanding of the sub-prime crisis that led to the global economic recession.

Managing Economic Crisis in Southeast Asia

Managing Economic Crisis in Southeast Asia PDF Author: Saw Swee-Hock
Publisher: Institute of Southeast Asian Studies
ISBN: 9814311790
Category : Business & Economics
Languages : en
Pages : 362

Get Book Here

Book Description
This book incorporates a selection of eight revised papers presented at the Conference on "Managing Economic Crisis in Southeast Asia", organized jointly by the Saw Centre for Financial Studies, NUS Business School and the Institute of Southeast Asian Studies, in January 2010. The chapters deal with the management of the 2008-09 economic crisis in Singapore, Malaysia, Thailand, Vietnam, the Philippines, Indonesia, and the region as a whole. They represent an analysis of the impact of the economic crisis and the stimulus packages that were swiftly put in place by the governments to mitigate the economic recession and to pave the way for a quick recovery. The success of the monetary and fiscal policy measures in engendering a strong economic recovery in these countries is also discussed in considerable depth. The book, with contributions from experts on the topics covered, will be extremely valuable to businessmen, analysts, academics, students, policy-makers and the general public interested in seeking a greater understanding of the sub-prime crisis that led to the global economic recession.

Poverty and Global Recession in Southeast Asia

Poverty and Global Recession in Southeast Asia PDF Author: Aris Ananta
Publisher: Institute of Southeast Asian Studies
ISBN: 9814311197
Category : Social Science
Languages : en
Pages : 461

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Book Description
This book started with an objective to understand the impact of high inflation on poverty and food security in Southeast Asia. However, the global economy moved quickly into recession in 2008. Anticipating that the impact of global recession would be more severe than that of high inflation in Southeast Asia, we re-focused the title of the book to Poverty, Food, and Global Recession in Southeast Asia. By early 2010, people were already optimistic that the global recession was over or would be over soon. However, the evidence was mounting that the poor had suffered and were still suffering from the current global crisis, even if the richer individuals may have recovered. Therefore, an important question arises, Is the crisis really over for the poor? This then became the sub-title of this book. This book aims to contribute a better understanding on poverty and food security in Southeast Asia during the recent global recession considering both recent developments and the previous major crisis of 1997-98.

The Asian Financial Crisis

The Asian Financial Crisis PDF Author: Wing Thye Woo
Publisher: MIT Press
ISBN: 9780262692458
Category : Business & Economics
Languages : en
Pages : 300

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Book Description
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 Asian Financial Crisis

The Asian Financial Crisis PDF Author: Morris Goldstein
Publisher: Peterson Institute
ISBN: 9780881322613
Category : Business & Economics
Languages : en
Pages : 236

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Book Description
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.

Thailand Beyond the Crisis

Thailand Beyond the Crisis PDF Author: Peter Warr
Publisher: Psychology Press
ISBN: 0415405955
Category : Currency crises
Languages : en
Pages : 368

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Book Description
Thailand Beyond the Crisis includes recent research to give an accurate and up to date picture of the status of Thailand's economic recovery. The Asian economic crisis began in Thailand and ended a decade of sustained economic boom. This book identifies the role of policy errors involving both the Thai government and the IMF that lead to the crash of the fastest growing economy in the world. Warr addresses the consequences of the crisis, including sharply increased poverty incidence and a backlog of non- performing loans which clogged the banking system, delaying recovery. Key content includes: * the Social Consequences of the crisis, and alternatives * public sector reform * implications of a floating exchange rate * education * urbanisation and the environment.

The Economies of Southeast Asia

The Economies of Southeast Asia PDF Author: Jose L. Tongzon
Publisher: Edward Elgar Publishing
ISBN: 9781843767442
Category : Business & Economics
Languages : en
Pages : 336

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Book Description
This updated and revised edition provides an examination of issues of paramount importance for Southeast Asian economies, such as the economic implications of the 1997 Asian crisis for both older and newer members of ASEAN.

Weathering the Storm

Weathering the Storm PDF Author: P. Boomgaard
Publisher: BRILL
ISBN: 9004487247
Category : History
Languages : en
Pages : 348

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Book Description
The principal cause of the 1930s depression in Southeast Asia lay outside the region—through a sharp contraction in demand for the region's major commodity exports. But it had important internal causes, too: an oversupply of primary commodities and an increasing scarcity of new agricultural land leading to higher rents and lower wages, rising indebtedness and increasing landlessness. This work thoroughly analyses the pre-war depression. It also looks at the changes in the basic structures of the economies of Southeast Asia that were of long-term importance, such as the role of the state in the economy. The authors also draw similarities and contrasts between the 1930s depression and the 1990s Asian crisis. Contributors are Peter Boomgaard, Anne Booth, Pierre Brocheux, Ian Brown, William G. Clarence-Smith, Daniel F. Doeppers, Paul H. Kratoska, J. Thomas Lindblad, Sompop Manarungsan, S. Nawiyanto, Irene Norlund, Jeroen Touwen, and Willem Wolters. Co-published with ISEAS, Singapore

The Political Economy of the Asian Financial Crisis

The Political Economy of the Asian Financial Crisis PDF Author: Stephan Haggard
Publisher: Columbia University Press
ISBN: 088132308X
Category : Political Science
Languages : en
Pages : 291

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Book Description
The Asian crisis has sparked a thoroughgoing reappraisal of current international financial norms, the policy prescriptions of the International Monetary Fund, and the adequacy of the existing financial architecture. To draw proper policy conclusions from the crisis, it is necessary to understand exactly what happened and why from both a political and an economic perspective. In this study, renowned political scientist Stephan Haggard examines the political aspects of the crisis in the countries most affected—Korea, Thailand, Malaysia, and Indonesia. Haggard focuses on the political economy of the crisis, emphasizing the longer-run problems of moral hazard and corruption, as well as the politics of crisis management and the political fallout that ensued. He looks at the degree to which each government has rewoven the social safety net and discusses corporate and financial restructuring and greater transparency in business-government relations. Professor Haggard provides a counterpoint to the analysis by examining why Singapore, Taiwan, and the Philippines escaped financial calamity.

The Politics of the Asian Economic Crisis

The Politics of the Asian Economic Crisis PDF Author: T. J. Pempel
Publisher: Cornell University Press
ISBN: 1501729373
Category : Political Science
Languages : en
Pages : 304

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Book Description
In the summer of 1997, a 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 presents the first account to focus on the political causes and implications of the crisis. The events of 1997–98 involved not just property values, financial flows, portfolio makeup, and debt ratios, they argue, but also the power relationships that shaped those economic indicators.As they examine the domestic, regional, and international politics that underlay the economic collapse, the authors analyze the reasons why the crisis affected the nations of Asia in radically different ways. The authors also consider whether the crisis indicates a radical change in Asia's economic future.

The Social Impact of the Asian Financial Crisis

The Social Impact of the Asian Financial Crisis PDF Author: Yunpeng Zhu
Publisher: Edward Elgar Publishing
ISBN: 9781782541943
Category : Business & Economics
Languages : en
Pages : 280

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Book Description
This volume presents a scholarly insider's perspective on the Asian economic crisis, examining the social, economic and political consequences of the crisis in six influential Asian economies: Indonesia, Korea, Malaysia, the Philippines, Taiwan and Thailand. Each chapter contains an analysis of the events leading up to and during the crisis, the social impacts and an assessment of possible futures for these countries. The contributors expertise and use of up-to-date data ensures an integrated approach by which the process of economic change can be understood. The book reveals that professional workers in the urban financial sector, as well as manual labourers in the export sector, felt the most dramatic effects. Impacts on the latter group resulted in a significant rise in the population living below the poverty line. The book emphasises the previous absence of strong social security 'nets' and the need to strengthen macroeconomic policies and institutional, legal, regulatory and supervisory structures. Other topics covered include intractable government corruption and fiscal management.