IDEAS home Printed from https://ideas.repec.org/b/rif/bbooks/155.html
   My bibliography  Save this book

The Long March to Asia. Investing in Asia After the Crisis

Author

Listed:
  • Ali-Yrkkö, Jyrki
  • Reilly, Catherine
  • Shen, Jian-Guang

Abstract

The “Asian miracle” ended in the autumn of 1997 when many East Asian economies fell victim to the Asian crisis. In this study, we analyse the reasons for the crisis and its effects on the world economy. We study why market players were unable to predict the crisis and identify the main lessons which both analysts and investors should learn from the crisis. The Asian crisis has not altered the long-term growth prospects of East Asia. On the contrary, the crisis will help to fix the weaknesses of the East Asian economies. The emphasis is on how the Asian crisis has affected the restructuring of China and Japan. Other economies covered are Hong Kong, Singapore, South Korea, Taiwan, Thailand, Malaysia and Indonesia. In addition to the Asian crisis, the study also considers the experiences of foreign companies which have invested in China. Through a case study of Finnish firms we investigate the main difficulties which foreign companies have encountered in China and identify the keys to successful investment in China.

Suggested Citation

  • Ali-Yrkkö, Jyrki & Reilly, Catherine & Shen, Jian-Guang, . "The Long March to Asia. Investing in Asia After the Crisis," ETLA B, The Research Institute of the Finnish Economy, number 155, June.
    • Handle: RePEc:rif:bbooks:155
    as

    Download full text from publisher

    File URL: http://www.etla.fi/wp-content/uploads/b155_the_long_march_to_asia.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ms. Kalpana Kochhar & Mr. Prakash Loungani & Mr. Mark R. Stone, 1998. "The East Asian Crisis: Macroeconomic Developments and Policy Lessons," IMF Working Papers 1998/128, International Monetary Fund.
    2. Lu, Yadong, 1998. "Joint venture success in China: How should we select a good partner?," Journal of World Business, Elsevier, vol. 33(2), pages 145-166, July.
    3. Sergeant, Andrew & Frenkel, Stephen, 1998. "Managing people in China: perceptions of expatriate managers," Journal of World Business, Elsevier, vol. 33(1), pages 17-34.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jing Yang & Frank Tipton & Jiatao Li, 2011. "A review of foreign business management in China," Asia Pacific Journal of Management, Springer, vol. 28(3), pages 627-659, September.
    2. Gumber, Anurag & Zana, Riccardo & Steffen, Bjarne, 2024. "A global analysis of renewable energy project commissioning timelines," Applied Energy, Elsevier, vol. 358(C).
    3. Gamble, Jos, 2006. "Introducing Western-style HRM practices to China: Shopfloor perceptions in a British multinational," Journal of World Business, Elsevier, vol. 41(4), pages 328-343, December.
    4. Beamish, Paul W. & Lupton, Nathaniel C., 2016. "Cooperative strategies in international business and management: Reflections on the past 50 years and future directions," Journal of World Business, Elsevier, vol. 51(1), pages 163-175.
    5. Marshall S. Jiang & Preet S. Aulakh & Yigang Pan, 2007. "The nature and determinants of exclusivity rights in international technology licensing," Management International Review, Springer, vol. 47(6), pages 869-893, December.
    6. Michael G. Plummer & Ganeshan Wignaraja, 2006. "The Post-Crisis Sequencing of Economic Integration in Asia: Trade as a Complement to a Monetary Future," Economie Internationale, CEPII research center, issue 107, pages 59-85.
    7. Megan Min Zhang & Paul W. Beamish, 2019. "An institutional response model to economic liberalization: Japanese MNEs’ ownership choices in China," Asia Pacific Journal of Management, Springer, vol. 36(1), pages 33-59, March.
    8. Valerie Cerra & Sweta Chaman Saxena, 2005. "Did Output Recover from the Asian Crisis?," IMF Staff Papers, Palgrave Macmillan, vol. 52(1), pages 1-23, April.
    9. Duncan, Ronald C. & Yang, Yongzheng, 2000. "The impact of the Asian Crisis on Australia's primary exports: why it wasn't so bad," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 44(3), pages 1-23.
    10. Taimur Baig & Ilan Goldfajn, 2002. "Monetary Policy in the Aftermath of Currency Crises: The Case of Asia," Review of International Economics, Wiley Blackwell, vol. 10(1), pages 92-112, February.
    11. Wu, Chong & Barnes, David, 2010. "Formulating partner selection criteria for agile supply chains: A Dempster-Shafer belief acceptability optimisation approach," International Journal of Production Economics, Elsevier, vol. 125(2), pages 284-293, June.
    12. Yang, Chih-Hai, 2023. "Competition in the Chinese market: Foreign firms and markups," Journal of the Japanese and International Economies, Elsevier, vol. 67(C).
    13. Ms. Sweta Chaman Saxena & Ms. Valerie Cerra, 2000. "Contagion, Monsoons, and Domestic Turmoil in Indonesia: A Case Study in the Asian Currency Crisis," IMF Working Papers 2000/060, International Monetary Fund.
    14. Javier Muñoz de Prat & María Escriva-Beltran & Roberto Gómez-Calvet, 2020. "Joint Ventures and Sustainable Development. A Bibliometric Analysis," Sustainability, MDPI, vol. 12(23), pages 1-24, December.
    15. Mohr, Alex & Wang, Chengang & Goerzen, Anthony, 2016. "The impact of partner diversity within multiparty international joint ventures," International Business Review, Elsevier, vol. 25(4), pages 883-894.
    16. Guodong Yu & Li Zhang & Huiping Sun, 2018. "A Method for Partner Selection of Supply Chain Using Interval-Valued Fuzzy Sets — Fuzzy Choquet Integral and Improved Dempster–Shafer Theory," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 17(06), pages 1777-1804, November.
    17. Gerardo Alfonso Perez, 2021. "Short-Term Event-Driven Analysis of the South-East Asia Financial Crisis: A Stock Market Approach," Economies, MDPI, vol. 9(4), pages 1-30, October.
    18. Anusha Chari & Peter Blair Henry, 2015. "Two Tales of Adjustment: East Asian Lessons for European Growth," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 63(1), pages 164-196, May.
    19. Luo, Yadong, 2002. "Partnering with foreign businesses: perspectives from Chinese firms," Journal of Business Research, Elsevier, vol. 55(6), pages 481-493, June.
    20. Michael Nippa & Jeffrey J Reuer, 2019. "On the future of international joint venture research," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 50(4), pages 555-597, June.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rif:bbooks:155. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kaija Hyvönen-Rajecki (email available below). General contact details of provider: https://edirc.repec.org/data/etlaafi.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.