East Asia in Crisis: From Being a Miracle to Needing One?

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Bringing together leading experts on the Asian economy, this book provides a broad and thorough analysis of the current economic crisis in East Asia. Case studies from fourteen countries reveal how the crisis developed, how it affected each country, and how their

governments responded. The book also looks beyond the individual countries to consider ways to manage the situation and to avoid another such crisis in the future. The contributors apply a variety of theoretical approaches to shed light on the causes and implications of this

unprecedented crisis.

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Editorial Reviews

Examines the cycle of rapid economic growth and recession experienced in the region during the 1980s and 1990s. Case studies of 13 East Asian countries describe how the crisis developed, how it affected them, and how their governments responded. Other chapters analyze issues such as causation, management of such crises, prevention, and the implications for on-going deregulatory and other economic reforms. Annotation c. by Book News, Inc., Portland, Or.
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Product Details

  • ISBN-13: 9780415198318
  • Publisher: Taylor & Francis
  • Publication date: 10/20/1998
  • Pages: 416
  • Age range: 18 years
  • Lexile: 1480L (what's this?)
  • Product dimensions: 6.14 (w) x 9.21 (h) x 0.94 (d)

Table of Contents

List of figures
List of tables
List of abbreviations
Pt. I Overview
1 The East Asian crisis 3
Pt. II Case studies: the troubled economies
2 Indonesia 31
3 Thailand 49
4 Korea 66
5 Malaysia 85
Pt. III Case studies: safe behind closed doors?
6 China 105
7 Vietnam 120
8 India 131
Pt. IV Case studies: other countries' experience
9 The Philippines 145
10 Singapore and Hong Kong 162
11 Taiwan 179
12 Japan 189
13 Australia 207
Pt. V Global perspectives
14 Internationally mobile capital and the global economy 227
15 The role of the International Monetary Fund 245
16 Will Mexico's recovery from crisis be a model for East Asia? 266
Pt. VI Policy implications
17 The role of prudential regulation 287
18 Exchange rate regimes for the future 304
19 Long-term implications for developing countries 312
Pt. VII Reflections on the crisis
20 The new era of financial fragility 333
21 Economic lessons 352
References 367
Index 381
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