| Description |
1 online resource (xi, 294 pages) : illustrations |
| Contents |
Introduction / H. Chang, G. Palma & D.H. Whittaker -- Economic Crisis in East Asia: The Clash of Capitalisms / C. Johnson -- Capital Market Crises: Liberalization, Fixed Exchange Rates and Market-driven Destabilization / L. Taylor -- Derivatives and Global Capital Flows: Applications to Asia / J.A. Kregel -- From 'Miracle' to 'Cronyism': Explaining the Great Asian Slump / R. Wade -- Thailand's Crisis: Neo-Liberal Agenda and Local Reaction / P. Phongpaichit & C. Baker -- Malaysian Debacle: Whose Fault? / K.S. Jomo -- Indonesia: From Showcase to Basket Case / J. Pincus & R. Ramli -- Interpreting the Korean Crisis: Financial Liberalization, Industrial Policy and Corporate Governance / H. Chang, H. Park & C.G. Yoo -- Fashioning a New Korean Model out of the Crisis: The Rebuilding of Institutional Capabilities / J.A. Mathews -- Japan's Crisis: Evolution and Implications / D.H. Whittaker & Y. Kurosawa -- Responses to the Crisis: Constraints to a Rapid Trade Adjustment in East Asia's Electronics Industry / D. Ernst -- Asian Crisis and the Future of the Japanese Model / R. Dore -- The Economic Impact of the Asian Crisis on India and China / A.S. Bhalla & D.M. Nachane -- Three and a Half Cycles of 'Mania, Panic and [Asymmetric] Crash': East Asia and Latin America Compared / G. Palma -- Index |
| Summary |
The financial crisis that hit a number of "miracle" economies of Asia in 1997 shocked the world. This text rejects conventional explanations of the crisis as the outcome primarily of inefficient and corrupt economics systems in the countries concerned. It argues that the crisis was the result of premature and overly rapid financial liberalization in a world of increasing financial liquidity and volatility, and calls for a more cautious approach to financial liberalization, and a reform of the international financial architecture |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Print version record |
| Subject |
Financial crises -- Asia
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International economics -- Asia.
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POLITICAL SCIENCE -- Economic Conditions.
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BUSINESS & ECONOMICS -- Economics -- Comparative.
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BUSINESS & ECONOMICS -- Economic Conditions.
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BUSINESS & ECONOMICS -- Economic History.
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Economics.
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Economic history
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Economic policy
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Financial crises
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Liberalisatie.
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Financiële crises.
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Economische situatie.
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| SUBJECT |
Asia -- Economic conditions -- 1945-
http://id.loc.gov/authorities/subjects/sh85008617
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Asia -- Economic policy
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| Subject |
Asia
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| Form |
Electronic book
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| Author |
Chang, Ha-Joon
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Palma, J. Gabriel
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Whittaker, D. H. (D. Hugh)
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| ISBN |
0230518621 |
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9780230518629 |
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1280563656 |
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9781280563652 |
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