A01=Edith Terry
Aid Plan
Asian financial crisis
Author_Edith Terry
Category=KCB
Category=KCL
CKD Kit
companies
conomy
development economics
East Asian Growth
East Asian Miracle
East Asian Miracle Report
East Asian Policy Making
economic globalization
economies
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
financial deregulation
Flying Geese Theory
Indonesian Central Bank
International Atomic Energy Agency
investment
japanese
Japanese Banks
Japanese Conomy
Japanese Multinationals
Japanese Parts Makers
Japanese Xports
LDP.
MITI
Mitsubishi Motors
Miyazawa Initiative
multinationals
National Car Projects
Plaster Of Paris
policy reform analysis
post-1997 Asian economic collapse
postCold War
Real Time Gross Settlement
southeast
states
trade liberalization
united
United States
World Development Report
xports
Young Man
Product details
- ISBN 9780765603562
- Weight: 952g
- Dimensions: 152 x 229mm
- Publication Date: 31 May 2002
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Paperback
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Within a few short months in 1997, Asian economies that had been considered not only healthy but "miraculous" suddenly fell off a precipice as investors withdrew massively first from Asian currencies and, in rapid order, from equity markets across the region. On October 27 1997, the turmoil in Asian markets spooked Wall Street in the largest single-day decline in history, a drop of 550 points. It was predicted that the Asian crash could drive the US trade deficit from $191 billion to $300 billion by 1998, creating huge new tensions in relations with some of the largest US trading partners. These wrenching changes, following a generation of success, raise numerous questions about the steps that led to the crisis, its likely outcome and the limits and constraints of "Asian capitalism". Edith Terry presents a blow-by-blow account of the crisis, beginning with the 1996 collapse of the Bangkok Bank of Commerce. In her overview, she links the fall of the Asian miracle with the theme of globalization, arguing that the crisis demonstrates the urgency of dismantling restraints to trade, investment, and financial services, and that the United States should take leadership in pushing for new and sweeping reform through the World Trade Organization and in bilateral negotiations with its trading partners. The final section of the book deals with the rise of the "Asian miracle" - how the myth was created, who created it, why it succeeded for so long - and is informed by analysis of the Japanese prototype.
