Examines how the context of the Great Depression saw the beginning of
consumer rights organisations. Looks at the New Deal and how it taught the
American people that not only was the thrift of the Depression no longer
necessary, but that it would actually harm recovery. Analyses how being
thrifty went from saving, to consuming wisely and well, and how the
consumer, not just the worker, was now all-important for the economic
survival of a nation. Explores the influence of Keynes in this cultural
change and the emergence of the citizen-consumer.
This introduction presents an overview of the key concepts discussed in the subsequent chapters of this book. The book presents the case studies of the individual countries: Thailand, Indonesia, South Korea and the People's Republic of China (PRC). It examines the factors behind the financial crisis and highlights the underlying similarities and the fundamental differences between the individual cases. The book provides a review of the competing perspectives on the new international financial architecture. It explains a number of fundamental issues and its implications for the emerging market economies. The book also presents a more nuanced picture of the International Monetary Fund's (IMF) policies and its socioeconomic impact. It assesses the IMF's efforts to reduce moral hazard. The book also examines the reasons behind Asia's remarkable economic recovery and the challenges that lie ahead.