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Books > Business & Economics > Economics > International economics > International finance
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Weathering the Storm - Taiwan, Its Neighbors, and the Asian Financial Crisis (Paperback)
Loot Price: R634
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Weathering the Storm - Taiwan, Its Neighbors, and the Asian Financial Crisis (Paperback)
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In July 1997, the promise of the "Asian economic miracle" and the
"Pacific century" devolved into economic chaos and the onset of
what has become known as the Asian financial crisis. One by one,
many of the region's great economic success stories suffered damage
to their financial markets, their currencies, and economic
well-being. This volume, the result of an April 1999 conference
organized by the Chung-Hua Institution for Economic Research and
the Brookings Institution, examines the sources and lessons of the
Asian financial crisis. Experts from both sides of the Pacific have
drawn valuable policy lessons from the failures and successes of
four key economies in the region: Indonesia, South Korea, Thailand,
and Taiwan. In examining Taiwan's relative success in weathering
the storm, this volume helps explain the widely varying degrees of
performance of the region's affected economies. The concluding
chapter focuses on general principles for the liberalization of
financial markets and stabilization of macroeconomy in developing
countries. This work provides much-needed new understanding and
reasoned policy lessons to help the Asia-Pacific region meet its
vast economic potential. It will be useful for academics and
economic policymakers in governments, international organizations,
universities, and research institutions, both in the region and
beyond, as they assess and implement strategies for more stable
regional and global economic development.
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