A Shift in Power Center?

Michael Siam-Heng Heng and Tai Wei Lim
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Michael Siam-Heng Heng: East Asian Institute, National University of Singapore, Singapore
Tai Wei Lim: East Asian Institute, National University of Singapore, Singapore

Chapter 22 in Destructive Creativity of Wall Street and the East Asian Response, 2009, pp 185-195 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractIn the 1990s when Southeast Asia was infected by a bout of the 1997 Asian financial crisis which incapacitated most of the Newly Industrializing Economies (NIEs) (except Hong Kong which was single-handedly kept afloat by China) and almost all of the third-tier geese (particularly Thailand and Indonesia which are still recovering from it while Malaysia inoculated itself with a currency peg). But it left the fourth-tier (former socialist CMLV states) relatively untouched and most importantly, the biggest of the fourth-tier member, China, superpumped its economic drive to eventually become the world's latest trillion dollar economy a decade after the financial crisis…

Keywords: Financial Crisis; China; Japan; East Asia; Management; Economics; Depression (search for similar items in EconPapers)
Date: 2009
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