East Asia in Crisis: From Being a Miracle to Needing One? / Edition 1

by Ross Garnaut, Ross H. McLeod

Overview

The current economic crisis in East Asia is unprecedented in world economic history. It seemed the economic strength of the region, until very recently, would just keep growing. Now, the macroeconomic achievements of Asia are under threat and the economies of North America and Europe are feeling the results.

This book brings together the thoughts of leading experts on the Asian economy and provides a broad and thorough analysis of the situation. It provides case studies from fourteen countries in the region, how the crisis developed and affected them, and the response from governments. There are other non-country specific chapters with a strong theoretical content which address issues such as causation, how such a crisis should be handled, how it might be avoided in the future, and the likely implications for on-going deregulatory and other economic reforms.

This is an important authoritative account of one of the most extraordinary economic events and provides a broad synthesis of case studies and theoretical approaches from a variety of researchers with an intimate knowledge of the region.

Product Details

ISBN-13:	9780415198318
Publisher:	Taylor & Francis
Publication date:	10/01/1998
Pages:	410
Product dimensions:	6.12(w) x 9.19(h) x (d)
Lexile:	1480L (what's this?)
Age Range:	18 Years

About the Author

Edited by Ross Garnaut, Ross H. McLeod

Table of Contents

Part I. Overview 1. East Asia in Crisis Ross Garnaut and Ross McLeod Part II. Case Studies: The Troubled Economies 2. Indonesia Ross McLeod 3. Thailand Peter G. Warr 4. Korea Heather Smith 5. Malaysia Prema-chandra Athukorala Part III. Case Studies: Safe Behind Closed Doors? 6. China Ligang Song 7. Vietnam Suiwah Leung and Le Dang Doanh 8. India sisira Jayasuriya Part IV. Case Studies: Other Countries' Experience 9. The Philippines Ponciano Intal Jr, Celia Reyes, Leilanie Basilio and Melanie Milo 10.Singapore and Hong Kong Cheng Yuk-shing, Marn Heong Wong and Christopher Findlay 11. Taiwan Shirley W. Y. Kuo and Christina Y. Liu 12. Japan Akiyoshi Horiuchi 13. Australia David Gruen, Brian Gray and Glenn Stevens Part V. Global Perspectives 14. Internationally Mobile Capital and the Global Economy Warwick J McKibbin 15. The Role of the International Monetary Fund David C.L. Nellor 16. Will Mexico's Recovery from Crisis be a Model for East Asia? David Hale Part VI. Policy Implications 17. The Role of Prudential Regulation. George Fane 18. Exchange Rate Regimes for the Future Alan A. Walters 19. Long-term Implications for Developing Countries hadi Soesastro Part VII. Reflections on the Crisis 20. The New Era of Financial Fragility Ross H. McLeod. 21. Economic Lessons Ross Garnaut

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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