Liberalization, Growth and the Asian Financial Crisis : Lessons for Developing and Transitional Economies in Asia

By: Mohamed Ariff, Ahmed M. Khalid

Write A Review

Hardcover

At a Glance

Hardcover
544 Pages

Dimensions(cm)
24.13 x 15.88 x 3.81

Hardcover

$583.75

or 4 interest-free payments of $145.94 with

Ships in 10 to 15 business days

This book examines the effects of financial liberalization of the more advanced economies in Southeast Asia and analyzes the degree to which emerging and transitional economies in East and South Asia can benefit from this example. The weakness of the banking sector is examined in order to explain the reasons behind the currency crisis and to prescribe policies to avoid a similar episode in the future. Further, the book documents the individual steps taken to liberalize the economies over a period of about 20-30 years in each country. The analyses reveal that liberalization led to high growth in economies undertaking such reforms while unwillingness to take such reforms appear to have led to poor growth and hence low social development. This finding contradicts the common belief that liberalization led to the financial crisis and then to growth collapse. An efficient and liberalized financial sector is an essential precondition for promoting and accelerating economic growth and welfare. Arguments supporting this policy are based on the experience of Southeast Asia economies, particularly the pioneers such as Malaysia, Singapore, Indonesia and Thailand. This las led some less developed countries in East and South Asia to initiate the process of financial sector reforms and to realize the potential benefits of such reforms. The authors analyze the reform process and the lessons to be drawn from the experiences of these economies in their quest for sustained development in East and South Asia.

Shipping

	Standard Shipping	Express Shipping
Metro postcodes:	$9.99	$14.95
Regional postcodes:	$9.99	$14.95
Rural postcodes:	$9.99	$14.95

Orders over $79.00 qualify for free shipping.

How to return your order

At Booktopia, we offer hassle-free returns in accordance with our returns policy. If you wish to return an item, please get in touch with Booktopia Customer Care.

Additional postage charges may be applicable.

Defective items

If there is a problem with any of the items received for your order then the Booktopia Customer Care team is ready to assist you.

For more info please visit our Help Centre.

You Can Find This Book In

Non-Fiction Earth Sciences, Geography, Environment, Planning Geography Human Geography Economic Geography Economics Economic History Political Economy Politics & Government Political Ideologies & Movements Economic Theory & Philosophy Reference, Information & Interdisciplinary Subjects

Interdisciplinary Studies Regional Studies Development Economics & Emerging Economies Business & Management International Business Accounting & Finance Finance

List of figures	p. vii
List of tables	p. viii
Preface	p. xii
Abbreviations	p. xvii
Liberalization and the Asian Financial Crisis
Asia's new-found development strategy	p. 3
The Asian financial crisis	p. 27
The Early Reformers
Korea: a case of cautious capital account liberalization	p. 57
Malaysia: broad-based financial liberalization stopped in its tracks	p. 83
Singapore: reform towards financial centre status	p. 110
Indonesia: liberalization amidst persistent exchange rate instability	p. 147
Taiwan: export-led growth and limited financial-sector openness	p. 172
Thailand: quite open external sector but poorly managed financial sector	p. 192
Communists Return to Market Forces
China: a command economy responding well to market signals for the time being	p. 223
Vietnam: hesitant transition from command to market economy	p. 255
The Hesitant Reformers
Bangladesh: restructuring and liberalization did help	p. 283
India: a decade of liberalization, a hesitant choice	p. 307
Pakistan: internally suppressed economy under liberalization	p. 344
The Philippines: lost opportunities for correction of reforms	p. 376
Sri Lanka: a case of development regression	p. 403
The Lessons From Liberalization
Macroeconomic effects of financial liberalization	p. 429
Lessons for developing and transitional economies	p. 444
Select bibliography	p. 474
Index	p. 497
Table of Contents provided by Syndetics. All Rights Reserved.

Liberalization, Growth and the Asian Financial Crisis : Lessons for Developing and Transitional Economies in Asia

At a Glance

Hardcover

Shipping

How to return your order

Defective items

You Can Find This Book In

More in Finance

Get Started Investing

It's easier than you think to invest in shares

J.K. Lasser's 1001 Deductions and Tax Breaks 2026

Your Complete Guide to Everything Deductible

J.K. Lasser's Small Business Taxes 2026

Your Complete Guide to a Better Bottom Line

One Up On Wall Street

How To Use What You Already Know To Make Money In The Market

She's on the Money

Take Charge of Your Financial Future

Top Stocks 2026

A Sharebuyer's Guide to Leading Australian Companies

Friends That Invest

Your Guide to Financial Independence Through Shares and Stocks

The Intelligent Investor Third Edition

The Art of Spending Money

Simple Choices for a Richer Life

A History of Central Banking and the Enslavement of Mankind

Investing with She's on the Money

Build your future wealth: from the creator of the #1 finance podcast

The Warren Buffett Way

30th Anniversary Edition

Technofeudalism

What Killed Capitalism

Creature from Jekyll Island

A Second Look at the Federal Reserve

Don't Stress, Just Invest

It's time to set up your investments and get on with your life

Rethink Property Investing, Fully Updated and Revised Edition

Become Financially Free with Commercial Property Investing

Solana Rising

Investing in the Fast Lane of Crypto

The Richest Man in Babylon

The Secret Life of Real Estate and Banking

How It Moves and Why

Invest Your Way

How to Grow Your Wealth on Your Terms

A History of Central Banking and the Enslavement of Mankind

The Quick-Start Guide to Investing

Learn How to Invest Simpler, Smarter and Sooner, WINNER of ABBA BOOK OF THE YEAR and PERSONAL FINANCE & INVESTING

Making Money, Made Simple

Tax Secrets Of The Rich

2025 Edition

This product is categorised by