Asian Contagion: The Causes And Consequences Of A Financial Crisis / Edition 1

by Karl Jackson

Overview

For much of the second half of the twentieth century, the Asian economic "miracle" has fueled the greatest expansion of wealth for the largest population in the history of mankind. In the summer of 1997, thirty years of economic boom came crashing back to earth. The reality of unrestrained speculation, inefficiently regulated currency exchange, banking instability and bad loans have struck the much-vaunted "Asian Tigers" like Thailand, Indonesia, Korea, and, finally, Japan, casting a shadow of uncertainty on a region recently to the fore in the world economic system. Recovery depends largely on reform within the Asian economies themselves and a cold assessment of the structural weaknesses that lay under the surface, but only now have come to light. The implications for world economies and, more broadly, the dynamics of world politics, are tremendous.

Product Details

ISBN-13:	9780813390352
Publisher:	Westview Press
Publication date:	01/01/1999
Edition description:	New Edition
Pages:	328
Product dimensions:	6.00(w) x 9.00(h) x (d)
Lexile:	1480L (what's this?)

About the Author

Karl D. Jackson is the director of the Southeast Asia Program of the School of Advanced International Studies of Johns Hopkins University. He has served as Assistant to the Vice President for National Security Affairs, Special Assistant to the President for National Security Affairs at the National Security Council, Deputy Assistant Secretary of defense for East Asia. He is author of Traditional Authority, Islam and Rebellion: A Study of Indonesian Political Behavior and editor or co-editor of volumes on Indonesia, Cambodia, ASEAN and U.S.-Thailand relations.

Table of Contents

Preface — Introduction: The Roots of the Crisis — Japan’s Key Challenges for the 21st Century — Reflections of a Market Participant: Japanese and Asian Financial Institutions — China and the Asian Financial Contagion — Domestic Follies, Investment Crises: East Asian Lessons for India — The Financial Crisis in South Korea: Anatomy and Policy Imperatives — Thailand: From Economic Miracle to Economic Crisis — Indonesia’s Crisis and Future Prospects — The Philippines as an Unwitting Participant in the Asian Economic Crisis — Viet Nam: Ordeals of Transition