Responses to the Crisis: Constraints to Rapid Trade Adjustment in East Asia’s Electronics Industry

Dieter Ernst

Chapter 12 in Financial Liberalization and the Asian Crisis, 2001, pp 190-214 from Palgrave Macmillan

Abstract: Abstract The initial triggers of the Asian Crisis that resulted from an exposure to global financial markets are now well understood: research highlights endogenous failures of international capital markets1 and domestic policy failures, especially for financial regulation.2 It is time to move on to an analysis of possible responses. Elsewhere, I have analysed how the Crisis has reshaped the region’s longer-term industrial upgrading options (Ernst, 1998b, 2001d). In this paper, I focus on short-term responses and discuss a puzzle related to rapid trade adjustment.3

Keywords: Asian Crisis; Price Pressure; Print Circuit Board Assembly; Export Expansion; Global Production Network (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51862-9_12

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DOI: 10.1057/9780230518629_12

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