Asian Crisis - Essay Example

Only on StudentShare

Extract of sample
Asian Crisis

While the extent of crisis differed from country to country, the Asian economies were brought face to face with serious difficulties that came from over-reliance on short-term foreign capital, speculative investments, and poor supervision by financial authorities. Even the resilient economies of Singapore, Taiwan, and Hong Kong have shown related problems, slowly being eroded by the persistent weaknesses of their neighbouring economies (Robison, Beeson, Jayasuriya, & Kim, 2000, p. 100).
What may have gone wrong that spelled the unfortunate events to take place Why did some countries in the region, like China and India, have been unaffected by the crisis What measures did these affected countries do to thwart the eventual downfall of their economies What did policies did India and China foster in order to insulate them from the said crisis As this paper explored answers to these questions, further recommendations by experts will also be tackled in order to prevent the same crisis from ever happening again.
Liberalisation is termed as a programme of changes in the direction of moving towards a free-market economy. ...Show more

Summary

As the world embarked in globalisation of business and trade, a spectre of inherent and structural failure to adapt to rapidly changing environments and financial liberalisation almost toppled East Asian economies in 1997. As many developing countries in Asia undertook significant liberalisation programs during the 1980s and 1990s, these programs have been regularly promoted by the International Monetary Fund (IMF) and their success during recent years must be attributed to a larger social acceptance of the potential benefits of necessary austerity measures.
Author : taliaschulist
Asian Crisis essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Asian Crisis"
with a personal 20% discount.
Grab the best paper

Related Essays

Asian economic crisis: the initial stages of the crisis and the major causes of it
Before the beginning of the Asian Economic Crisis, remarkable economic performance of the countries of East Asia were characterized by high savings rate and prudent fiscal policies. After the enormous capital flow to this region, attracted by high economic growth in the countries, weaknesses and infancy of the affected economies were exposed.
13 pages (3250 words) Essay
Bad lending leading to the East Asian crisis in 1990s
Immediately after the crisis, the international monetary fund assigned the primary responsibility of the crisis to East Asian capitalism, particularly its financial markets. The primary strategy by IMF for the countries hit hardest like Korea, Indonesia and Thailand overhauled the financial system in East Asia (Hopkins 2006, p.
10 pages (2500 words) Essay
Bad Lending Leading to the East Asian Crisis In 1990s
The cycle of excessive lending practiced in East Asia, during the late 1990s, was exaggerated by implied or unambiguous agreements between lenders and debtors, along with weak administration of financial regulations and concerns among the banking sector.
10 pages (2500 words) Essay
The East Asian Financial Crisis in 1997
The economic weakness had more serious consequences to the upcoming market. Most of these emerging market economies were adversely impacted on and at the end collapsed. The International Monetary Fund (IMF) tried though it delayed in helping to curb the problem but recovery was observed at a faster rate even if still the situation has not been properly eradicated.
8 pages (2000 words) Essay
South East Asian Financial Crisis
Foreign Debt to Gross Domestic Product (GDP) ratio rose by almost 60%. ASEAN consisted of Indonesia, Malaysia, Singapore, Philippines, Thailand, Brunei, Vietnam, Myanmar, Laos and Cambodia. It was formed to ensure sovereignty. It was nothing like European Union.
14 pages (3500 words) Essay
Liberalisation that Triggered the Asian Crisis and the Apparent Insulation of China and India
As many developing countries in Asia undertook significant liberalisation programs during the 1980s and 1990s, these programs have been regularly promoted by the International Monetary Fund (IMF) and their success during recent years must be attributed to a larger social acceptance of the potential benefits of necessary austerity measures.
9 pages (2250 words) Essay
Asian financial crisis of 1997
crisis was triggered by the decision of Thailand to float the baht after exhaustive efforts of the government of the country to support the currency failed. Note that the severe over-extension of the value of the baht was caused by the sudden dive in the real-estate business of
12 pages (3000 words) Essay
A Report to Malaysia Exchange Controls during the Asian Crisis
Even though the government of Malaysia had implemented some exchange control measures, they could result in partial success only. It is mainly due to the accumulation of several global and domestic factors and
12 pages (3000 words) Essay
Asian Financial Crisis and Globalisation
Since the economic crisis of Asia begun two years ago, the region has started to express its doubts about the impacts of globalization on the regional societies (Michie
2 pages (500 words) Essay
Bad lending leading to the East Asian crisis in 1990s(I write the important writing points and instructions in the word document)
een lenders and debtors, along with weak administration of financial regulations and concerns among the banking sector The economic crisis in East Asia was escorted by bad lending practices which resulted in the devaluation of currencies, reduction of exports, loss of economic
10 pages (2500 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT