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Structural aspects of the east asian crisis.
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ISBN: 926417043X 9786610033188 1280033185 9264172939 Year: 1999 Publisher: Paris Oecd Publications

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Abstract

The once booming dynamic economies in Asia were drawn into a whirlpool of business failures and economic devastation following the flotation of the Thai baht in July 1997, and the consequent collapse of asset prices and currency depreciations in several East Asian countries. High growth in these emerging market economies had masked important structural weaknesses that eventually triggered the economic slump now referred to as the Asia Crisis. To address the structural measures needed to restore sustained economic growth and stability in the crisis-affected countries, this book brings forth analyses and recommendations on the crisis from internationally respected economists and policy makers and the OECD. Overall, experts conclude that, to deal with the crisis and alleviate social distress, structural reforms of government, business and the financial sector must be undertaken rapidly. Such reforms must be established with a long-term view to protect these and other countries from future crises. Economic recovery in Asia is a high priority for the OECD. As an international organisation with experience across a broad range of structural issues, it is a unique forum for the exchange of views on national experiences with policy reforms and possible improvements in the functioning of financial markets. In November 1998, the OECD's Centre for Co-operation with Non-Members (CCNM) held the symposium that led to this publication. Experts from OECD Member and non-member economies attended the symposium. This publication assembles their contributions and provides insight into the possible role of the OECD in promoting economic recovery in the region.


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Chine ou Japon, quel leader pour l'Asie ?
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ISBN: 9782724611540 2724611543 Year: 2010 Volume: 18 Publisher: Paris Les presses de Sciences Po

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Les effets de la crise accélèrent le déplacement du centre de gravité de l'économie mondiale vers l'Asie qui, en 2030, comptera trois des quatre premières puissances au monde : Chine, Japon et Inde. Pékin et Tokyo s'y disputent le leadership dans une compétition apparemment inégale. Irrésistible ascension d'une Chine dynamique et conquérante, déclin inéluctable d'un Japon anémié et vieillissant ? Face à cette vision d'un avenir tout tracé, l'auteur analyse avec précision leur légitimité respective à revendiquer la suprématie économique et stratégique dans une Asie en voie d'intégration, puis esquisse pour les vingt prochaines années le scénario qui lui paraît le plus probable. Un essai rigoureux et stimulant pour un débat qui ne peut laisser les Européens indifférents. Le destin de l'Europe, de ses industries et de ses universités se joue aussi à Pékin et à Tokyo, où s'ébauchent les contours d'une future Communauté asiatique.

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