Liberalization, Growth and the Asian Financial Crisis : Lessons for Developing and Transitional Economies in Asia by Mohamed Ariff and Ahmed M. Khalid (2000, Hardcover)
Oops! Looks like we're having trouble connecting to our server.
Refresh your browser window to try again.
About this product
Product Identifiers
PublisherElgar Publishing, Incorporated, Edward
ISBN-10185898839X
ISBN-139781858988399
eBay Product ID (ePID)15038490988
Product Key Features
Number of Pages544 Pages
Publication NameLiberalization, Growth and the Asian Financial Crisis : Lessons for Developing and Transitional Economies in Asia
LanguageEnglish
Publication Year2000
SubjectEconomic History, Structural Adjustment, Finance / General, Economic Conditions, Public Policy / Economic Policy, Political Ideologies / Conservatism & Liberalism
FeaturesRevised
TypeTextbook
Subject AreaPolitical Science, Business & Economics
AuthorMohamed Ariff, Ahmed M. Khalid
FormatHardcover
Dimensions
Item Height1.3 in
Item Weight33.6 Oz
Item Length9.4 in
Item Width6.6 in
Additional Product Features
Edition Number2
Intended AudienceScholarly & Professional
LCCN99-053052
Reviews'This is an insightful, important, and good book. . . [the book] is a valuable addition to the debate on policy making and structures in Asia and will, I hope, be an influential one.'
Dewey Edition21
IllustratedYes
Dewey Decimal332/.042/095
Table Of ContentContents: Preface Part I: Liberalization and the Asian Financial Crisis Part II: The Early Reformers Part III: Communists Return to Market Forces Part IV: The Hesitant Reformers Part V: The Lessons from Liberalization Bibliography Index
Edition DescriptionRevised edition
SynopsisThis book examines the effects of financial liberalization of the more advanced economies in Southeast Asia and analyzes the degree to which emerging and transitional economies in East and South Asia can benefit from this example. The weakness of the banking sector is examined in order to explain the reasons behind the currency crisis and to prescribe policies to avoid a similar episode in the future., This timely book examines the effects of financial liberalization in the more advanced economies of Southeast Asia. The book also analyses the degree to which emerging and transitional economies in East and South Asia can benefit from this example. The weakness of the banking sector is examined in order to explain the reasons behind the currency crisis and to prescribe policies to avoid a similar episode in the future. Further, the book documents the individual steps taken to liberalize the economies over a period of about 20-30 years in each country. The analyses reveal that liberalization led to high growth in economies undertaking such reforms while unwillingness to take such reforms appear to have led to poor growth and hence low social development. This finding contradicts the common belief that liberalization led to the financial crisis and then to growth collapse. An efficient and liberalized financial sector is an essential precondition for promoting and accelerating economic growth and welfare. Arguments supporting this policy are based on the experience of Southeast Asian economies, particularly the pioneers such as Malaysia, Singapore, Indonesia and Thailand. This has led some less developed countries in East and South Asia to initiate the process of financial sector reforms and to realize the potential benefits of such reforms. The authors analyse the reform process and the lessons to be drawn from the experiences of these economies in their quest for sustained development in East and South Asia.