The Impact of the Financial Crisis on Factory Asia
Kazunobu Hayakawa ()
Chapter 5 in Asia Beyond the Global Economic Crisis, 2011 from Edward Elgar Publishing
The characteristic feature of the recent global economic crisis is the speed and extent of the shock transmission. The development of cross-national production networks in recent years has significantly deepened the economic interdependency between countries, and a shock that occurs in one region can be swiftly and extensively transmitted to the rest of the globe. The sudden contraction of world trade and output was a negative outcome of this intertwined global economic system. Based on the method known as international input–output analyses, this book provides a detailed examination of the mechanics of shock transmission by probing the labyrinth of complex supply networks among nations.
Keywords: Asian Studies; Economics and Finance (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:14205_5
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