Shalendra D. Sharma
Search for other papers by Shalendra D. Sharma in
Current site
Google Scholar
PubMed
Close
Conclusion
Post-crisis Asia – economic recovery, September 11, 2001 and the challenges ahead

In the aftermath of East Asia's spectacular economic collapse in mid-1997, even the most optimistic predictions gave at least a decade before Asia could fully recover. Although it was expected that the growing intra-Asian trade and demand from the European Union would help to fill the void, there was little doubt that Japan's recovery was crucial to the region's recovery. Most Asian countries experienced a sharp economic slowdown beginning in the last quarter of 2000. The problems of a deteriorating external environment due in large part to the downturn in the US economy were exacerbated by the September 11 terrorist attacks. The single greatest push for East Asian regionalism had been the Asian financial crisis. It was clear that the Asian governments agreed that they must reduce their dependence on the G-7 countries and multilateral financial institutions like the International Monetary Fund (IMF) and the World Bank.

  • Collapse
  • Expand

All of MUP's digital content including Open Access books and journals is now available on manchesterhive.

 

The Asian financial crisis

Crisis, reform and recovery

Metrics

All Time Past Year Past 30 Days
Abstract Views 0 0 0
Full Text Views 2834 511 21
PDF Downloads 2187 353 9