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The Asian Economic Crisis, 2005.
Examines and analyzes the Asian economic and currency crisis that rocked the Asian markets in 1997.
2,468 words (approx. 9.9 pages), 7 sources, APA, $ 75.95
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Abstract
This paper explores the causes of the Asian economic crisis in 1997 and traces the roots of the crisis back to the area?s economic growth that started in the early 1990s. The paper explains that, while the crisis is believed to have begun in Thailand, conditions that existed throughout the region contributed to the destabilization of the economies of the other Southeast Asian countries as well.
From the Paper
"Throughout the early 1990s, growth in southeast Asia attracted much foreign capital. However, by 1995 and 1996, Thailand?s current account deficit had grown (from 5.7% in ?93 to 8.5% in ?96 [Pesenti et al., 1998]). When domestic production slowed, this account imbalance represented an even greater percentage, when compared to GDP. Much of the instability in Thailand?s economy was brought about by heavy short-term borrowing that required stringent debt maintenance. A boom in real estate and the Thai stock market attracted foreign speculation that could not be sustained in the face of investor doubts. The Thai government attempted to shore up shaky investor confidence by officially backing the financial institutions that were heavily indebted abroad."
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Southeast Asian Economic Crisis, 2001.
Examines causes of the 1997-98 financial "meltdown." Japan's banking system. Rise of & threats to Asian capitalism. IMF role in stabalizing currencies.
2,025 words (approx. 8.1 pages), 11 sources, $ 71.95
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From the Paper
"This paper is an examination of the Southeast Asia economic crisis, referred to in some business reports as ?meltdown.? Whether that is actually the case, or whether the term ?meltdown? is simply the product of a headline writer?s attempt at immortality remains to be seen.
However, Tabb (1998), a usually prescient observer, observed ?The Asian financial meltdown, when it reached front-page proportions in late 1997, was rightly called the most serious of any we have had since the 1930s. A mountain of paper assets - estimated at more than a trillion dollars - was swept aside? (Tabb, 1998, 24)."
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Asian Economic Development, 2002.
The following paper examines why economists predict that although the crisis in East and Southeast Asia has slowed the rate of development, it is not likely to change the ultimate direction of market evolution.
2,120 words (approx. 8.5 pages), 6 sources, APA, $ 66.95
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Abstract
This paper discusses the current state of Asian economic development; the principles upon which Asian economic recovery depends, and then compares and contrasts several countries, notably China and Japan, in view of their attitudes, development and potential for economic dominance in the region.
From the Paper
"In 1997, Thailand floated the baht, marking the beginning of a currency crisis that would eventually spread to other parts of Asia and to emerging markets such as Brazil and Russia. In Asia, the outflow of investment was massive. The five hardest hit economies -- South Korea, Indonesia, Malaysia, Thailand and the Philippines -- saw net capital flows reverse by more than $100 billion in a year. All over Asia, companies went bankrupt, banks loans soured and the number of property repossessions skyrocketed and millions of people lost their jobs. The situation, named the "Asian flu" quickly became the focal point of numerous conferences, editorials and a small library of books as economists and academics debated the causes and the cures."
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The Association of Southeast Asian Nations, 1998.
Provides a brief historical overview of the Association of Southeast Asian Nations (ASEAN); analyzes the present organization, details the major security, economic, social & organizational concerns within the organization; & discusses future directions.
3,825 words (approx. 15.3 pages), 23 sources, $ 135.95
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From the Paper
"THE ASSOCIATION OF SOUTHEAST ASIAN NATIONS
Introduction
In 1997, the Association of Southeast Asian Nations (ASEAN) celebrated its thirtieth year of existence. Normally, when a government organization reaches a 30-year point, it is the cause for reflection -- both internally as the group evaluates its original goals and sets plans for the next decades, and externally, when the press and other governments analyze the group's shortcomings. This paper will perform much of that same function.
Part 1 will provide a brief historical overview of ASEAN. Part 2 will analyze the present organization. Part 3 will detail the major security, economic, social and organizational concerns and conflicts apparent in the organization. Part 4 will look.."
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Southeast Asian Commerce, 2002.
Exploring the age of trade in Southeast Asia: examining "Southeast Asia in the Age of Commerce".
1,150 words (approx. 4.6 pages), 1 source, $ 44.95
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Abstract
This paper examines Anthony Reid's work, Southeast Asia in the Age of Commerce 1450 - 1680: Expansion and Crisis in order to demonstrate that the increasing connections between countries across the world that were involved in trade lead directly to urbanization, universal religions, and efforts to build stronger and more centralized monarchies. In brief, Reid theorizes that the connections that were formed between those countries that were involved in the trade of luxury items - such as cloves, spices, and peppers - were enhanced through their mutual dealings in trade and colonization overseas.
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East Asian Financial Crisis, 2007.
This paper examines the role of the IMF (International Monetary Fund) in South Korea during the East Asian economic crisis.
3,649 words (approx. 14.6 pages), 10 sources, MLA, $ 101.95
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Abstract
The paper discusses the 1997 East Asian financial crisis, also termed the IMF crisis locally within the region, that saw the downturn of many East Asian and Southeast Asian economies. The paper explains that the International Monetary Fund (IMF) received much of the blame due to its handling of the crisis. The paper focuses on the IMF efforts in South Korea and reveals that the IMF today is moving toward a less restrictive and more realistic system.
Outline:
Introduction
The East Asian Economic Crisis
South Korea
Conclusion
From the Paper
"The South Korean Central Bank was forced to expand its open market operations (OMO) in order to attempt to stabilize its currency. By elevating the amount of OMO in terms of their own securities, Central Banks attempt to control extreme devaluation in times of stress or manage exchange rates in a more stable fashion (Guille 57). For South Korea, contracting the amount of currency through sales of securities was extremely important in controlling the free-fall of the Won during the extent of the crisis."
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The South East Asian Currency Crisis, 2002.
This study probes at the causes and likely consequences of the ongoing Southeast Asian crisis that began in the second quarter of 1997.
1,775 words (approx. 7.1 pages), 5 sources, $ 66.95
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Abstract
Though the situation is still unfolding and surely will continue to for many years to come it can confidently be said that this is the worst economic crisis the world has experienced since the Great Depression of the 1930s. Until very recently, most analysts had confined the crisis to Indonesia, South Korea, Malaysia, and Thailand. Some obdurate analysts even continue to suggest that the Asian 'miracle' is still far from over! These, and many other predictions that the crisis would result in only a short, sharp downturn with almost no impact on the major capitalist countries, have all proved to be wrong. Severe economic crisis in Japan along with economic slowdown in China, currency lows in Canada, South Africa, Mexico and many other countries, and the finale of the stumbling American economy, do clearly suggest that the crisis is endemic to the entire global system. This is an ugly and painful realization, but it is indeed reality. Not only does it seem that the Asian miracle is surely over, but that the burgeoning global economy is headed for a drastic slowdown.
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The Asian Economic Crisis, 2004.
Examines what caused the stock markets of Southeast Asian countries to crash.
4,314 words (approx. 17.3 pages), 24 sources, MLA, $ 114.95
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Abstract
The old cliche claims that if it is too good to be true, it usually is. Investors and speculators- reputable international banks, brokerages, real estate manipulators and arbitrage professionals, rushed to the new open markets in Southeast Asia. The paper shows that the governments there were eager for investment, but they had little or no regulatory controls in place. The stock markets in Thailand and Manila, in Singapore and Hong Kong went through the roof, only to crash and leave countless people owing billions of dollars, and the economies of many nations in Southeast Asia in tatters. The paper examines the causes of the crash and its influence on the U.S. economy.
Paper Outline:
Introduction
Its Causes
The Derivatives Fiasco
United States Actions and Reactions
Consequences of the Crisis
What Asian Governments are Doing
Effects of the Crisis on the U.S. Economy
Some Final Thoughts
References
From the Paper
"The global position of the United States declined by roughly $25 billion (as, incidentally, did Western Europe's). This implies that, for the United States, it adds nearly $60 billion to the trade deficit - and even more in real terms (relevant to production and employment). Most of this deficit is due to the low valuation of South Korean and Japanese currency, prompting more imports into the United States. Deficits with Japan will increase by roughly $25 billion, and with South Korea, will increase about $10 billion. That means, Japan's surplus will increase more than $80 billion, all because of the Asian financial turmoil."
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The Asian Financial Crisis, 2008.
This paper analyzes the Asian financial crisis by comparing the economies of South Korea and Malaysia.
2,745 words (approx. 11.0 pages), 6 sources, APA, $ 82.95
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Abstract
This paper explains that, because investors lost confidence, the Asian financial crisis was not just a domestic problem but rather spread to other parts of the, world especially Third World countries. The author posits that the recovery from the crisis was dependent on the macro economy prior to the crisis within each country. The paper relates that South Korea and Malaysia have different internal structures, were at different levels of development before the crisis and have different survival rates with very different 'after crisis' scenarios. The author points out that the crisis in Malaysia was more of a currency crisis, which had spillover effects within other sectors of the macro economy; however, South Korea faced more of a banking crisis. The paper discuses the role of the International Monetary Fund, the government's role in each region and the Asian Monetary Fund to present a policy outline for preventing future crises.
Table of Contents:
Introduction
A Historical Debate
Asian Financial Crisis: A Closer Look at South Korea and Malaysia
Role of the IMF
Figure 1: Malaysia's and South Korean Unemployment Worsened by IMF Policies
Asian Monetary Fund: Policies and Procedures for Future Crises.
Figure 2: Economic Growth, the Main Aim of the AMF: Implications for Asia
From the Paper
"There were a lot of issues that caused the financial crisis. Mainly, investors lost confidence in the Asian market and started to remove capital from South Korea and Malaysia. The onset of the loss of confidence by investors began when the economies, such as Mexico had crises that preceded the Asian crisis. Similarly, the United States was increasing interest rates during the period to lower inflation as part of its monetary policy. Investors prefer to invest in the United States versus Asia, since the former is considered less risky."
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The Asian Financial Crisis, 2007.
This paper presents a political and economic analysis of the Asian financial crisis.
4,757 words (approx. 19.0 pages), 6 sources, MLA, $ 122.95
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Abstract
This paper looks at a more neglected dimension of the Asian financial crisis: the role of political factors and the role of political-economic interaction in initiating the crisis, determining the depth of the crisis and shaping the recovery from the crisis. The paper explains that the Asian crisis was a global problem of large proportions; countries as far away as the United States felt the burden of the Asian problems with economic issues and political problems. The paper examines how politics played a vital role in the financial crisis due to money, politics and nepotism. The paper concludes that it will take a great deal of time before there is any real trust put into the governments and political systems of many of these countries.
Outline:
Introduction
Economic Determinants of Asian Financial Crises
The Role of Politics in Asian Financial Crises
Post Crises Recovery and Crises Management
Conclusion
From the Paper
"Known as the G-7 several industrialized countries, specific countries have been supplying and controlling the flow of capital funds to third-world countries. These countries are the United States, Canada, France, Great Britain, Germany, Japan, and Australia. Because the G-7 group has such enormous and far-reaching economic strength, it can dictate and control the interest rate that the countries in its group charge to the nations that wish to borrow money. This is very significant for the third-world countries when they borrow money because they have little control over the rate of interest that they pay and they are not able to 'shop around' and find a better rate for their borrowing."
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The Financial Crisis in East Asian Economies, 2006.
An analysis of the East Asian financial crisis of 1997-1998 and whether the crisis is really over.
1,800 words (approx. 7.2 pages), 3 sources, $ 71.95
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Abstract
This paper discusses the East Asian financial crisis of 1997-1998 and how it represented not only a shock to the regional economies of East Asia but, in a larger context, a blow to the confidence of global financial markets in the fundamental structural soundness of East Asian economies. The paper points out that the East Asian economies that were at the center of the crisis - in particular, Thailand and South Korea - were also among those being most highly praised for their market liberalization and fiscal prudence during the regional economic boom of the 1990s. This, in particular, represented troubling concerns for the global economic community in terms of the validity and trustworthiness of assessments of East Asian economies. With this in mind, this paper considers whether it is safe to assume that the crisis is truly over.
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Asian Financial Crisis 1997-1998, 2008.
An examination of the external factors in the Asian financial crisis of 1997-1998.
1,687 words (approx. 6.7 pages), 6 sources, APA, $ 54.95
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Abstract
This paper examines the significance of the Asian financial crisis of the late 1990s and its repercussions. It explains how the financial crisis provided an important lesson to the Asian economies affected in terms of allowing any degree of dependence on foreign investment. The writer discusses how the crisis induced a 'New Asian Miracle' in different Asian economies.
Outline:
Introduction
The Attractiveness of Asia
Reactions to the Crisis
American Dimensions
Asian Perceptions
Concluding Remarks
From the Paper
"Various domestic conditions have been connected to the Asian financial crisis of 1997-1998 but this paper centers on global forces that created unexpected change to induce the crisis at international as opposed to regional or national levels. Kawai Et Al stress that private capital flows to developing countries grew high in the 1990s so that a sudden drop in investment caused a 1994 crisis in Mexico and South America, then the East Asian crisis. (2005: 185) This World Bank-oriented article is typical of many that rather minimize the role of American patterns of investment that contributed directly to what Asian countries sustained in the 1990s. Throughout East and Southeast Asia governments noted fast falling markets and varied domestic responses as capital ceased to arrive as it had before from developed countries."
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East Asian Financial Crisis: Over or In Hibernation, 2008.
An analysis of the East Asian financial crisis.
2,181 words (approx. 8.7 pages), 12 sources, MLA, $ 68.95
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Abstract
The East Asian financial crisis was an important developmental economic event in that region. This paper attempts to put that financial crisis in perspective. The paper examines the speculation on whether the region still might suffer from or be prone to the effects of such a financial crisis. The paper also explains that the East Asian financial crisis can best be characterized as a currency crisis.
Outline:
I. Introduction
Motivation
Problem Definition
Goals and Objectives
Significance of Study
Summary of Results
II. Literature Review
Relative to Prior Research
Relevant Literature
Theory and Methodology
III. Methodology
Relation to Previous and Present Literature
Hypothesis Formulation
Advantages and Limitations
Plan of Analysis
IV. Data Collection and Analysis
Results and Explanations
Achievement of Goals and Objectives
V. Implications and Policy Recommendations
Implications
Policy Recommendations
From the Paper
"The 1997 East Asian financial crisis, also known as the IMF crisis, caused the contraction of many formerly robust East Asian and Southeast Asian countries. The crisis began in Thailand and quickly spread throughout the region with sudden devaluation of currencies, stock markets and various other economic structures (Li). One unique characteristic of the East Asian financial crisis was not that it occurred but that it spread like a pandemic from one economy to the other in the region. The problem examined here is whether these conditions or characteristics that led to the financial crisis in the region persist in any real sense."
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The Asian Crisis, 2000.
This paper discusses the Asian financial crisis and miracle of the 1980's and 1990's.
1,800 words (approx. 7.2 pages), 7 sources, APA, $ 57.95
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Abstract
This paper discusses the Asian crisis whereby many were unable to recover from the mounting debt and major banks, and businesses began defaulting on their loans leading to a myriad of bankruptcies and financial collapse of the Asian economy. The author looks at whether the Asian miracle was destined to collapse denuding what was once a roaring economy. This paper explores the Asian ?miracle?, the embryonic stages of the crisis, the impact of debt and corruption, and the role of the International Monetary Fund (IMF) to bring upright a sinking economy.
From the Paper
"The ?miracle? in the 1980s and the early 1990s in Asia frequently refers to the unprecedented economic growth that Thailand, Japan, South Korea, Malaysia, and Indonesia enjoyed. Extraordinary for two reasons, first the unimaginable economic growth or expansion over several years of over 8%. Second, all of this took place with very little unemployment and a nearly immeasurable wealth gap. That is, the rich did not become exponentially wealthier than the middle class or poor sectors."
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The Asian Financial Crisis of 1997, 2002.
An analysis of the Asian Financial Crisis of 1997 which struck Thailand in July 1997, soon engulfed most of the countries in the region ,and at one time threatened to spread the world over.
3,200 words (approx. 12.8 pages), 15 sources, APA, $ 92.95
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Abstract
This paper is about the Asian Financial Crisis of 1997, one of the severest financial meltdowns to hit a group of countries in modern day history. It describes how the crisis developed, gives a hypotheses about its causes followed by evidence from research, explaining the causes in detail. Effects of the crisis and a conclusion containing a summary of the research and lessons learnt are also included.
From the Paper
"The unprecedented economic growth of the Southeast Asian countries? in the 1980s and 90s was a result of ?opening-up? of their economies to take advantage of the globalization trend. This coincided with rapid appreciation of the Japanese yen in the mid-1980s that drove the cost of production sky high in Japan, forcing several Japanese companies to move their production facilities offshore?initially, to South Korea and Taiwan. The Japanese also started an aggressive policy of monetary expansion resulting in ?asset price bubble,? and triggering massive capital inflows into South Korea and Taiwan. By the late 1980s, the Korean and Taiwanese economies experienced a similar appreciation in their currencies, followed by similar policies and large capital outflows?to the neighboring Southeast Asian countries."
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