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The Social Impact of the Asian Financial Crisis

Hardback

The Social Impact of the Asian Financial Crisis

9781840645460 Edward Elgar Publishing
Edited by Yun-Peng Chu, Professor of Economics and Director, Research Center for Taiwan Economic Development, National Central University, Taiwan and Hal Hill, H.W. Arndt Professor of Southeast Asian Economies, Australian National University
Publication Date: December 2001 ISBN: 978 1 84064 546 0 Extent: 288 pp
This volume presents a scholarly insider’s perspective on the Asian economic crisis, examining the social, economic and political consequences of the crisis in six influential Asian economies: Indonesia, Korea, Malaysia, the Philippines, Taiwan and Thailand. Each chapter contains an analysis of the events leading up to and during the crisis, the social impacts and an assessment of possible futures for these countries. The contributors expertise and use of up-to-date data ensures an integrated approach by which the process of economic change can be understood.

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This volume presents a scholarly insider’s perspective on the Asian economic crisis, examining the social, economic and political consequences of the crisis in six influential Asian economies: Indonesia, Korea, Malaysia, the Philippines, Taiwan and Thailand. Each chapter contains an analysis of the events leading up to and during the crisis, the social impacts and an assessment of possible futures for these countries. The contributors expertise and use of up-to-date data ensures an integrated approach by which the process of economic change can be understood.

The book reveals that professional workers in the urban financial sector, as well as manual labourers in the export sector, felt the most dramatic effects. Impacts on the latter group resulted in a significant rise in the population living below the poverty line. The book emphasises the previous absence of strong social security ‘nets’ and the need to strengthen macroeconomic policies and institutional, legal, regulatory and supervisory structures. Other topics covered include intractable government corruption and fiscal management.

The Social Impact of the Asian Financial Crisis has a unique perspective that will ensure greater understanding of the causes and consequences of the crisis in six major economies and as such will appeal to academics, researchers and policymakers involved in Asian politics and development economics.
Contributors
Contributors: A.M. Balisacan, Y.-P. Chu, R.G. Edillon, H. Hill, M. Krongkaew, I. Shari, S.B. Yoon
Contents
Contents: Preface 1. An Overview of the Key Issues 2. A Tale of an Economic Crisis: How the Economic Crisis Started, Developed and is Ending in Thailand 3. Financial Crisis and its Social Impact in Malaysia 4. Indonesia in Crisis: Causes and Consequences 5. Socioeconomic Dimension of the Asian Crisis: Impact and Household Response in the Philippines 6. The Financial Crisis: Taiwan and Asia 7. Causes of the Korean Financial Crisis and its Social Impact: 1997–1999 Index
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