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Impact of the Global Economic Crisis on Employment in the Asia-Pacific Region

In: Asia Beyond the Global Economic Crisis

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  • Bo Meng
  • Satoshi Inomata

Abstract

The characteristic feature of the recent global economic crisis is the speed and extent of the shock transmission. The development of cross-national production networks in recent years has significantly deepened the economic interdependency between countries, and a shock that occurs in one region can be swiftly and extensively transmitted to the rest of the globe. The sudden contraction of world trade and output was a negative outcome of this intertwined global economic system. Based on the method known as international input–output analyses, this book provides a detailed examination of the mechanics of shock transmission by probing the labyrinth of complex supply networks among nations.

Suggested Citation

  • Bo Meng & Satoshi Inomata, 2011. "Impact of the Global Economic Crisis on Employment in the Asia-Pacific Region," Chapters, in: Satoshi Inomata (ed.), Asia Beyond the Global Economic Crisis, chapter 2, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14205_2
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    1. Escaith, Hubert & Gonguet, Fabien, 2009. "International trade and real transmission channels of financial shocks in globalized production networks," WTO Staff Working Papers ERSD-2009-06, World Trade Organization (WTO), Economic Research and Statistics Division.
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    3. Dong He & Zhiwei Zhang & Wenlang Zhang, 2009. "How Large Will Be The Effect Of China'S Fiscal Stimulus Package On Output And Employment?," Pacific Economic Review, Wiley Blackwell, vol. 14(5), pages 730-744, December.
    4. Round, Jeffrey I, 1985. "Decomposing Multipliers for Economic Systems Involving Regional and World Trade," Economic Journal, Royal Economic Society, vol. 95(378), pages 383-399, June.
    5. Oosterhaven, Jan & Stelder, Dirk & Inomata, Satoshi, 2007. "Evaluation of Non-Survey International IO Construction Methods with the Asian-Pacific Input-Output Table," IDE Discussion Papers 114, Institute of Developing Economies, Japan External Trade Organization(JETRO).
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