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Economic and Financial Crisis Management in Asia: A Critical Analysis

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Abstract

Recent financial and economic crisis in Asia and its management have produced dismal outcomes, economically, politically and socially, in many respects in several crisis economies. The paper focuses on a critical analysis of this crisis' diagnostics, prescriptions and outcomes, and discusses initiatives to avoid or better manage future and similar crises. The role played by increasing globalisation in economic crisis management at the country level is also assessed. The recent emergence of new Asian regionalisms such as the ASEAN+3 is argued as a promising initiative to overcome some external problems encountered in recent years and to effectively promote trade, investment, development and growth in the region.

Suggested Citation

  • Tran Van Hoa, 2004. "Economic and Financial Crisis Management in Asia: A Critical Analysis," Economics Working Papers wp04-13, School of Economics, University of Wollongong, NSW, Australia.
    • Handle: RePEc:uow:depec1:wp04-13
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    File URL: http://www.uow.edu.au/content/groups/public/@web/@commerce/@econ/documents/doc/uow012174.pdf
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    References listed on IDEAS

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    1. Patrick Lenain & Marcos Bonturi & Vincent Koen, 2002. "The Economic Consequences of Terrorism," OECD Economics Department Working Papers 334, OECD Publishing.
    2. Tran Van Hoa, 2003. "New Asian Regionalism: Evidence of ASEAN+3 Free Trade Agreement From Extended Gravity Theory and New Modelling Approach," Economics Working Papers wp03-03, School of Economics, University of Wollongong, NSW, Australia.
    3. Tran Van Hoa, 2003. "Growth of Asian Regional Trade and Income Convergence: Evidence from ASEAN+3 Based on Extended Helpman-Krugman Hypothesis and Flexible Modelling Approach," Economics Working Papers wp03-02, School of Economics, University of Wollongong, NSW, Australia.
    4. Tran Van Hoa, 2002. "Korea, China and Japan: Their Trade with the World and Its Impact on New Asian Regionalism ASEAN+3," Economics Working Papers wp02-13, School of Economics, University of Wollongong, NSW, Australia.
    5. Tran Van Hoa (ed.), 2002. "Economic Crisis Management," Books, Edward Elgar Publishing, number 2412.
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