No full-text available
To read the full-text of this research,
you can request a copy directly from the author.
Two Crises, Different Outcomes: East Asia and Global Finance
... Economic growth in china and Asia are much faster as compared to others developing countries and grown fasters then the industrial countries, for example the over the 1987 to 1994 the real GDP growth rate in developing countries were 2.75% per annum more than in the industrial countries and this growth system is estimated by 3% in 1995 and 1996 during this period the population growth was 0.5% in developed countries and 2% in less developed countries the growth rate was faster in developing countries then the industrial countries. The stunning growth of lots of economies in East Asia above the past 30 years has surprised the economist profession and caused an avalanche of books and articles that attempt to explain the experience [16]. Articles on why the common successful economies in the area of Hong Kong, Korea, Singapore and Taiwan state of China have increased, to say the least, with vigor always mention the incident as "amazing." ...
In last quarter of 1997, the economic crises came in the East Asian countries. However, the countries those are affected by these crises are Malaysia, South Korea, Indonesia, Japan, Philippians, Thailand and Taiwan. The reason behind these crises were due to miss management of economic system and bankruptcy because mostly bank became corrupt during these crises and real GDP effected by these crises, whereas GDP in some countries are less effected as compared by the remaining countries after the crises in 2000. But the investment ration fell during that period, whereas, a comparative analysis are done in this paper that showed the investment ratio decreased during the period but slightly recovered after the crises. We explored the growth of the Asian economy and determinants of the economic growth before and after the crises. In the first part of the paper, we review the East Asian economy before 1997 while in second part we discuss the crises development of East Asia countries after the crises. The crisis resulted in the stock market values have failed to pre-crisis values retain is supported by the result. A picture of currency and banking crises exhibited a slightly different image study in the result.
ResearchGate has not been able to resolve any references for this publication.