| Two Crises, Different Outcomes: East Asia and Global Finance Contributor(s): Pempel, T. J. (Editor), Tsunekawa, Keiichi (Editor) |
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ISBN: 0801479711 ISBN-13: 9780801479717 Publisher: Cornell University Press OUR PRICE: $39.55 Product Type: Paperback - Other Formats Published: December 2014 |
| Additional Information |
| BISAC Categories: - Political Science | Political Economy - Political Science | World - Asian - Business & Economics | Economic History |
| Dewey: 330.950 |
| LCCN: 2014022390 |
| Series: Cornell Studies in Political Economy |
| Physical Information: 0.6" H x 6.3" W x 9.3" (0.80 lbs) 280 pages |
| Themes: - Cultural Region - East Asian - Chronological Period - 1990's - Chronological Period - 21st Century |
| Descriptions, Reviews, Etc. |
| Publisher Description: Two Crises, Different Outcomes examines East Asian policy reactions to the two major crises of the last fifteen years: the global financial crisis of 2008-9 and the Asian financial crisis of 1997-98. The calamity of the late 1990s saw a massive meltdown concentrated in East Asia. In stark contrast, East Asia avoided the worst effects of the Lehman Brothers collapse, incurring relatively little damage when compared to the financial devastation unleashed on North America and Europe. Much had changed across the intervening decade, not least that China rather than Japan had become the locomotive of regional growth, and that the East Asian economies had taken numerous steps to buffer their financial structures and regulatory regimes. This time, Asia avoided disaster; it bounced back quickly after the initial hit and has been growing in a resilient fashion ever since.The authors of this book explain how the earlier financial crisis affected Asian economies, why government reactions differed so widely during that crisis, and how Asian economies weathered the Great Recession. Drawing on a mixture of single-country expertise and comparative analysis, they conclude by assessing the long-term prospects that Asian countries will continue their recent success.Contributors: Muhamad Chatib Basri, Minister of Finance of the Republic of Indonesia and Professor of Economics at the University of Indonesia; Yun-han Chu, Institute of Political Science, Academia Sinica; Richard Doner, Emory University; Barry Naughton, University of California, San Diego; Yasunobu Okabe, Japan International Cooperation Agency Research Institute; T. J. Pempel, University of California, Berkeley; Thomas Pepinsky, Cornell University; Keiichi Tsunekawa, National Graduate Institute for Policy Studies, Tokyo |
Contributor Bio(s): Tsunekawa, Keiichi: - Keiichi Tsunekawa is Professor in the National Graduate Institute for Policy Studies and Professor Emeritus at the University of Tokyo. He is the author of The State and Private Business and the editor of Democratic Identity: Formation of Emerging Democracies, both in Japanese.Pempel, T. J.: - T. J. Pempel is Jack M. Forcey Professor of Political Science and Director of the Institute of East Asian Studies, Professor of Political Science, and holder of the Il Han New Chair at the University of California, Berkeley. He is the author or editor of many books, including Regime Shift: Comparative Dynamics of the Japanese Political Economy, Crisis as Catalyst: Asia's Dynamic Political Economy, and The Politics of the Asian Economic Crisis (all from Cornell) and Japan in Crisis: What Will It Take for Japan to Rise Again? |