It is difficult to overstate the growing importance of China and
Asia in the global economy. Despite the sharp downturn experienced
in the 1997 financial crisis, China and Asia have bounced back
strongly in the new millennium and delivered solid economic growth.
In this book, Ying-Wong Cheung and Kar-Yiu Wong have gathered
together 35 renowned researchers from four continents to examine
contemporary issues on the economic and financial interactions with
a focus on China and Asia. Four broad areas are discussed. The
first part deals with China and her interactions with other
economies, the second with economic interactions within the region,
the third with foreign exchange rate issues facing Asian economies,
and the fourth with financial market development in the region.
Within these chapters, some interesting results are explained, many
of which differ from what is commonly believed. For example it is
explained how exports from China and other Asian economies follow
the "flying geese' pattern and that these economies can grow in
harmony; that appreciating the Asian exchange rates would not have
much impact on their current account surpluses; that financial
liberalization in Thailand did not create the short-term debt
problem, which is believed to a major cause of the 1997 financial
crisis. It is also described how developments in the US have very
strong influences on Asian economies and that Mainland China was a
less important source of external shocks than is commonly held.
General
Imprint: |
Routledge
|
Country of origin: |
United Kingdom |
Series: |
Routledge Studies in the Modern World Economy |
Release date: |
November 2013 |
First published: |
2009 |
Editors: |
Yin-Wong Cheung
• Kar-Yiu Wong
|
Dimensions: |
234 x 156 x 23mm (L x W x T) |
Format: |
Paperback
|
Pages: |
320 |
ISBN-13: |
978-0-415-74836-0 |
Categories: |
Books >
Business & Economics >
Economics >
General
|
LSN: |
0-415-74836-4 |
Barcode: |
9780415748360 |
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