After the Asian Crises: Perspectives on Global Politics and by Maria Weber

By Maria Weber

Providing a finished wisdom of the Asian situation from an monetary, political, and social perspective, this e-book is split in elements. the 1st comprises zone reviews of the most Asian nations throughout the hindrance, starting with China, Japan, and Southeast Asia, by means of South Asia and crucial Asia. the second one half makes a speciality of foreign variables, together with environmental, political, and neighborhood issues.

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Even though there are these very important novelties, one must not forget that Beijing has not wanted to make any sort of concession as far as human rights are concerned and that the political control of the CCP on the civil society is still extremely strong. Great China: Towards the Year 2000 11 Despite the innovative importance of this trend – used only for the minor territorial organizations – so far dissent from local institutions is only tolerated as a form of pressure on central authorities.

Is this the path that Japan and South Korea will follow? The chapter seeks to highlight some of the issues raised by the crisis and the future prospects of both economies, focusing particularly on Japan as the main economy and market of the region, but also the socio-economic model that has inspired many of the reforms and the policies of Asian countries. 1 Japan’s economic and financial crisis: the future of the Japanese model and its role in the Asian region Today Japan is in the midst of the most severe and protracted economic crisis of the post-war period.

Firms and financial institutions thus found and find it difficult to venture into new business or extend new loans due to the severe contraction of their capital base (Bank of Japan, 1998b). But how did it happen that the Japanese bank managers, well known in the past for their prudent, conservative lending attitude, have so poorly performed? What caused the change in their consolidated customs and behaviours? Two possible explanations have been proposed. According to the first one, the extremely easy monetary policy of the late 1980s and the abrupt tightening of the same policy in the early 1990s produced the wide price fluctuations and in the end the non-performing loans problem.

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