StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

East Asian Economy and the 2008/2009 Financial Crisis - Essay Example

Comments (0) Cite this document
Summary
This essay tries to evaluate the negative economic impacts of the financial crisis of 2008 on the East Asian economies. Irrespective of economic status of a country, the current crisis has affected all the countries in one way or other, as it is described in this essay…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER96.2% of users find it useful
East Asian Economy and the 2008/2009 Financial Crisis
Read Text Preview

Extract of sample "East Asian Economy and the 2008/2009 Financial Crisis"

Download file to see previous pages This essay analyses the economic prospects of East Asian countries, following the economic crisis of 2008, and focuses on Chinese economy, as an example. As it shown in the paper, it is difficult for the East Asian countries to sustain their economic growth pattern for a longer period amidst the aftermath of the financial crisis.
China, India, Japan, and Korea are some of the major countries in Asia. Most of the Asian countries have been less affected by the current crisis compared to the European countries and America. Some of them had already experienced similar financial crisis in the recent past itself which helped them to take effective measures as soon as the economic crisis erupts. India, China, Korea and Japan like major players of Asian economy have taken effective measures to counter the current crisis which was a lesson to the westerners.
China’s economy is huge compared to all the other East Asian countries and it is expanding rapidly towards attaining a stable proposition. Last 30 years, the world has witnessed miraculous Chinese economic growth, averaging 8% growth in Gross Domestic Product (GDP) per annum. The economy has grown in all the segments more than 10 times during that period.
Human right violations, corruption, censorship of media dissatisfaction among the public, water crisis, energy crisis seem to be the major areas of concern for the Chinese development. The destruction of American economy has diminished the prospects of Chinese products in one of the biggest consumer markets of the world.
...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“East Asian Economy and the 2008/2009 Financial Crisis Essay”, n.d.)
East Asian Economy and the 2008/2009 Financial Crisis Essay. Retrieved from https://studentshare.org/macro-microeconomics/1557280-east-asian-economy-and-the-20082009-financial-crisis
(East Asian Economy and the 2008/2009 Financial Crisis Essay)
East Asian Economy and the 2008/2009 Financial Crisis Essay. https://studentshare.org/macro-microeconomics/1557280-east-asian-economy-and-the-20082009-financial-crisis.
“East Asian Economy and the 2008/2009 Financial Crisis Essay”, n.d. https://studentshare.org/macro-microeconomics/1557280-east-asian-economy-and-the-20082009-financial-crisis.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF East Asian Economy and the 2008/2009 Financial Crisis

South East Asian Financial Crisis

... 11, March 2010) ASEAN Response to the Financial Crisis available at, http://www.aseansec.org/7660.htm (accessed 11, March 2010) Asian Financial Crisis 1997-1998, available at, http://olesiafx.com/Kathy-Lien-Day-Trading-The-Currency-Market/Asian-Financial-Crisis-1997-1998.html (accessed 11, March 2010) Baogang He,(2004) East Asian ideas of regionalism, available at http://www.chinesedemocratization.com/English%20Website/frame/materials/journal/english/East%20Asian%20Ideas%20of%20Regionalism.pdf( accessed 11, March 2010) Birdsall, Nancy, inequality and injustice in our global economy,available at, http://courses.fresno.edu/ken.martens.friesen/LEAD740/Birdsall_The_World_Is_Not_Flat.pdf( accessed 12, March 2010) David Martin Jones, Michael...
14 Pages (3500 words) Essay

East Asian Financial Crisis

...Literature Review The East Asian crisis could be considered as one of the most important of all financial events in the twentieth century, to have hampered the smooth functioning of various economies throughout the world. Though the causes of the crisis, as figured out by eminent observers, did not correspond much with any such crises in the past, its impact had far-fetched effect. Economists consider it to be almost a lesson and had tried to evaluate the actual causes that led to it. In addition, it is also important to know the outcome that the factors followed. Hence, overall, the subject of East Asian crisis is till date, a highly discussed topic among economists. The following sub sections provide a review of past researches made...
11 Pages (2750 words) Essay

The Strong Industrial Economy of South Korea

The scarcity of natural resources in South Korea did not hinder the ingenuity of its people in realizing that there is an economic aspect that it has the highest strength, the labor force. The modern economic development enjoyed by many of the citizens of the country was established by its strong labor force. Nevertheless, the success of Korea’s lift towards industrialization is not primarily due to its emphasis on technological advancements but its reliance and a great investment in human resource development and in persuading large companies to compete in the global markets (Chung 2007).

This research proposal will deal with two themes; the first one is the changing relationship between industrial relations and...
15 Pages (3750 words) Research Proposal

Several Issues Created by the East India Company

The eventful history of India and Pakistan gives plenty of reason to attribute to their bitter rivalry. The wars fought in 1965, 1971 and 1947 are a testament to this; so are the various bombings that each country’s intelligence agencies have planned on each other’s country (Crossette, 2008). Both countries have constantly bombarded each other over the line of control and escalation of forces at the border to mount pressure on each other has become a frequent course of action. Kashmir still remains disputed territory with no sign of resolution in the coming future. Even the control of environmental resources such as water and its use (Indus Water Treaty) has been a cause of concern and argument for each country. It is...
7 Pages (1750 words) Case Study

Law of Financial Services

For instance, the European Commission’s Regulation No. 1049/2001 which very specifically details rules and regulations governing the public access to European Parliament, Council and Commission documents. Article 8 of the regulation states that “personal data shall only be transferred to recipients … (b) if the recipient establishes the necessity of having the data transferred …” (Regulation 1049/2001). Although this law is not at all related to the data protection of banks and their customers, it does give us an impression of how serious the EC is in protecting the integrity of data.
In saying that the laws that we have on data protection have adequately addressed the needs of banks and custom...
6 Pages (1500 words) Article

The Effects of Financial Crisis on Supplier Selection Criteria of the Oil and Gas Industry Equipment Market

It is a difficult task to find those vendors who not only have the adequate quality and quantity of the needed raw materials but who also have an attitude of efficiency and display commitment to customer service (Sonmat, 2006). Further, organizations also strive to locate and select vendors who can be depended upon for long term relationship.

The number of factors or attributes desired from the vendor is vast, and different organizations and different industries place different importance on the attributes (Sonmat, 2006). Some of the vendor attributes may gain importance owing to the nature of the industry, for example, in the case of consumer perishables suppliers, like fresh vegetables or fruits, the buying firm would...
20 Pages (5000 words) Literature review

Effect of Corporations Moving Jobs Overseas on the Economy

The issue comes into focus, whenever there are political, economic debates or talks about H1B visa limits. The economic slowdown has further led to the intensification of these debates. But, despite apprehensions from different quarters, neither the companies nor the government has said a final word on the trend. Increasing levels of competition amongst the corporate houses have been one of the key highlights of the globalization era. Be it the retail sector, the banking, the automobile, the IT-enabled services, the white goods space, etc. the companies have always been on the lookout for reaching out to more number of customers while doing everything possible to please the existing lot. Leveraging the economies of scale has prove...
8 Pages (2000 words) Coursework

Racism in America: Asian Americans

The first aspect that we are going to discuss is undeserved impoverishment and enrichment. Ten of the U.S. presidents enslaved black people at some point in their lives. American history is full of politicians including George Washington who enslaved African Americans (Feagin 14). These tyrants viewed the black Americans as weak, inferior and collapsed and believed that only blacks deserved to be enslaved. Therefore it would not be false if we say that American slavery was racial. The blacks had no freedom at all in that society and were treated worse than horses. If a black American ran from the master, the other people would bring him back to the master and the master would punish the slave and brutalize him. The women slaves we...
10 Pages (2500 words) Assignment

Bernard Madoff : A Scapegoat of the Economic Crisis

Darwin was condemned and treated with contempt by the Church for proposing the theory of evolution that linked all living matter in the earth, including humans. In the case of Bertrand Russell, he was imprisoned as a conscientious objector, for expressing his opposition to British participation in the First World War. These are typical examples of people being wrongfully punished when they were guilty of no crime or fraud or misdoing. It would be highly improper to associate Bernard Madoff with the aforementioned luminaries, for he was truly guilty of carrying out the biggest financial fraud in modern history. At the same time, it would be simplistic to classify him as a victim of the contemporary judicial system. The truth, in fa...
6 Pages (1500 words) Assignment

Economy and Social Activity of The Broken Hill Community

Soon a retail industry was built up and the community began to grow and is considered to be a society with a civic nature (Learning Communities in Education and Training, 2009). The community of Broken Hill can be considered to be highly diverse with a census that was conducted in the area in 1996 showed that out of the then population there were 961 people who came from overseas and a large amount of those was not from an English speaking nation. The large composition of the population in the community at the time was aboriginals or Torres Strait Islanders. Broken Hill thus shows a varying ethnic community and a diverse mindset considering a large proportion of the people are from nations such as Greece, Malta and even Italy (Lea...
6 Pages (1500 words) Case Study

Characteristics of a Mixed Economy

Economic systems are crucial to the progress of a nation for they shape the way a nation’s economy operates. There are three major types of economic systems, namely: A planned economy which operates at the sheer instructions of the Government; Market Economy has complete independence in its operations and is at the disposal of the market forces of demand and supply, Mixed Economy is an amalgamation of features from both the previously mentioned economic systems and therefore has economy operating tools which are shared by the private sector and the public sector, hence it could be regarded as a balanced mixture of the political ideologies of capitalism and socialism (Schlesinger, 1962). A mixed economy is an intricate and co...
6 Pages (1500 words) Coursework

The Relationship Between Financial Perfprmance and Corporate Social Resposibility on Saudi Electricity Company

The pragmatic parallel mixed methods design was adopted for the study using the questionnaire, structured interview guide and content analysis were the primary instruments utilized in the collection of data. A total of 500 respondents participated in the study. These respondents represented the five sectors considered in the study, namely: the community residents, SEC employees, SEC managers, personnel from other establishments (i.e., the marketplace) and the government.  A combination of sampling techniques was used in this study: stratified random sampling, for the community respondents and SEC employees; simple random sampling, for the respondents of other companies; and purposive sampling for SEC managers and a representa...
88 Pages (22000 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic East Asian Economy and the 2008/2009 Financial Crisis for FREE!

Contact Us