The Impact of the Economic Crisis on East Asia

The Impact of the Economic Crisis on East Asia

Policy Responses from Four Economies

Edited by Daigee Shaw and Bih Jane Liu

Written by a distinguished group of Asian social scientists, this study summarizes and synthesizes the economic impacts of the crisis on individual countries and their policy response since 2008, and in particular carefully scrutinizes the immediate and remote causes of the crisis. It not only offers an assessment of its impacts, and identifies specific country measures that can be undertaken to stabilize the situation, but also looks at the crisis from three important economic perspectives: that of a healthy fiscal system, international trade, and the energy market.

Preface

Edited by Daigee Shaw and Bih Jane Liu

Subjects: asian studies, asian economics, economics and finance, asian economics

Extract

This book is for anyone who is interested in the economic conditions and policy response of four major East Asian economies in the wake of the 2008 global economic crisis. It is a compilation of ten academic theses written by a distinguished group of Asian social scientists from the region’s top national universities, state research institutes, regional economic institutions and think tanks. Largely a scholarly work of normative analysis, this synthesis study summarizes the economic impacts of the crisis on individual countries and their policy responses over the past years, with particular emphasis on carefully scrutinizing the immediate and remote causes of the crisis. It not only offers assessments of the impacts and identifies measures that can be undertaken in specific countries to stabilize the situation, but also looks at the crisis from three important disciplines of economies: a healthy fiscal system, international trade and the energy market. It offers reasons for the strategic programs needed for recovery and for promoting sustained economic growth. Although none of the authors provides a complete answer to all the problems, all the authors provide useful information and new ideas to fashion a workable program. It will be apparent that we have addressed a wide range of economic issues in this volume. Yet, the ten theses are grouped into three parts based on common themes they share with one another. Each part offers treatment of a distinct area of study of economics, appropriately positioned in the context of economic crisis. Chapters 1 to 3,...