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.
Nobody downloaded yet

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

Comments (0)
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
East Asian Economy and the 2008/2009 Financial Crisis
Read TextPreview

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 pagesRead More
Comments (0)
Click to create a comment or rate a document
The effects of the 2008 Global Financial Crisis on the Thai Economy
2008 is a very tough year for Thailand. The country is within its internal political crisis during this year that deepens the manifestation of social divisions and being to be affected by the most serious global financial crisis that has to face and resolve (Singh 2009 p.334).
9 Pages(2250 words)Essay
Outline the way that China has been affected by the recent financial crisis of 2008 and subsequent recession. Explore their econ
The crisis started in 2006 when the real estate market suddenly grew. Banks were looking for more profit and they decided to give mortgages even to low income groups and when the interest rates rose later, the same families were in trouble because the homes they had previously received were repossessed as the interest rate could not be paid by them.
6 Pages(1500 words)Essay
Since it changed ownership, it has excelled in the last 10 years leading to a lot of media interest in its industrial relations. Some of the factors contributing to its success include the ability of employees to set their own working hours, the ability of employees to determine their salaries, the opportunity to choose their own bosses and ability to determine which office to occupy in their work.
8 Pages(2000 words)Essay
South East Asia Currency Crisis
The currency crisis occurred in the south east Asia region since 1997, at different intervals in each affected country and spread across other South East Asian countries after, beginning from Thailand. It was primarily caused by macroeconomic and financial factors, although the political other factors interfered with the correction of the crisis.
14 Pages(3500 words)Essay
The East Asian Financial Crisis in 1997
The economic weakness had more serious consequences to the upcoming market. Most of these emerging market economies were adversely impacted on and at the end collapsed. The International Monetary Fund (IMF) tried though it delayed in helping to curb the problem but recovery was observed at a faster rate even if still the situation has not been properly eradicated.
8 Pages(2000 words)Essay
South East Asian Financial Crisis
Foreign Debt to Gross Domestic Product (GDP) ratio rose by almost 60%. ASEAN consisted of Indonesia, Malaysia, Singapore, Philippines, Thailand, Brunei, Vietnam, Myanmar, Laos and Cambodia. It was formed to ensure sovereignty. It was nothing like European Union.
14 Pages(3500 words)Essay
East Asian Financial Crisis
The research compares the East Asian financial with nothing less than an eye-opener, where the efficiency of the operations of international financial organizations in the likes of the IMF or the World Bank, appeared to be at a crisis. It was accused that the organizations lacked proper monitoring instruments that could keep a close vigilance on the activities of the South Eastern banking sector.
11 Pages(2750 words)Essay
The Baroque Era
The Baroque era marks the period of one and a half century between 1600 and 1750. Baroque is a word from the Portuguese language which means an irregular shaped pearl. Originally, this word was used to refer to the abnormality, profligacy and strangeness of both art and music. The Baroque era is particularly important in the history.
2 Pages(500 words)Term Paper
2007-2009 Financial Crisis
Thesis statement: The 2007-2009 Financial Crisis resulted in unemployment, banking collapse, and decline in international trade. As pointed out, the financial crisis of 2007-2009
1 Pages(250 words)Essay
2008 Economy Crisis
The government tried to conceive people that it was not its fault. However, due to many new employment opportunities, the standard of living in China was growing and, consequently, bourgeoisie was not pleased in it. The main reason of inflation was not the increasing of the
1 Pages(250 words)Essay
The Financial Cooperation of Seoul-Beijing-Tokyo Triangle after 2008 Financial Crisis
The essence of this crisis was rooted in a fall of credit systems and structures which originated in the United States and was linked
5 Pages(1250 words)Essay
Let us find you another Essay on topic East Asian Economy and the 2008/2009 Financial Crisis for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us