بررسی و تحلیل آثار مربوط به تجربه اقتصادهای شرق آسیا در مقاوم سازی اقتصاد

Economic Resilience: lessons of The East Asian Experience

Seyed Hossein Mirjalili

MPRA Paper from University Library of Munich, Germany

Abstract: The ability to absorb, withstand, or recover from adverse economic shocks makes the economy more resilient. East Asian economies were hit by the Asian financial crisis in 1997. Ten years later, these economies faced a global financial crisis in 2007. This time, despite an economic downturn due to capital outflows and a sharp drop in exports, they were resilient and resistant economies against the adverse shock. The ability of East Asian economies to recover the economy was driven by a ten-year building of the resistance economy through financial reform, structural reforms, enhancing institutional quality, and regional conditions. In this paper, beyond the financial perspective, East Asia's resilient experience in dealing with the crisis has been analyzed, and the analyses of the East Asian crisis have been criticized.

Keywords: East Asia; Resilience Economy; Global Financial Crisis; Asian Financial Crisis. (search for similar items in EconPapers)
JEL-codes: E61 G01 (search for similar items in EconPapers)
Date: 2017-12-04, Revised 2018-03-15
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Published in Critical Studies in Texts and Programs of Human Science 52.17(2018): pp. 203-222

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:125672

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