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The Resource Unexpected outcomes : how emerging economies survived the global financial crisis, Carol Wise, Leslie Elliott Armijo, Saori N. Katada, editors

Unexpected outcomes : how emerging economies survived the global financial crisis, Carol Wise, Leslie Elliott Armijo, Saori N. Katada, editors

Creator
Editor
Contributor
Summary
This volume documents and explains the remarkable resilience of emerging market nations in East Asia and Latin America when faced with the global financial crisis in 2008-2009. Their quick bounceback from the crisis marked a radical departure from the past, such as when the 1982 debt shocks produced a decade-long recession in Latin America or when the Asian financial crisis dramatically slowed those economies in the late 1990s. Why? This volume suggests that these countries' resistance to the initial financial contagion is a tribute to financial-sector reforms undertaken over the past two decades. The rebound itself was a trade-led phenomenon, favoring the countries that had gone the farthest with macroeconomic restructuring and trade reform. Old labels used to describe "neoliberal versus developmentalist" strategies do not accurately capture the foundations of this recovery. These authors argue that policy learning and institutional reforms adopted in response to previous crises prompted policymakers to combine state and market approaches in effectively coping with the global financial crisis. The nations studied include Korea, China, India, Mexico, Argentina, and Brazil, accompanied by Latin American and Asian regional analyses that bring other emerging markets such as Chile and Peru into the picture. The substantial differences among the nations make their shared success even more remarkable and worthy of investigation. And although 2012 saw slowed growth in some emerging market nations, the authors argue this selective slowing suggests the need for deeper structural reforms in some countries, China and India in particular.--
Language
eng
Work
Publication
Extent
xi, 244 pages
Contents
  • Foreword / Joshua Aizenman
  • The puzzle / Carol Wise, Leslie Elliott Armijo, and Saori N. Katada
  • Chinese financial statecraft and the response to the Global Financial Crisis / Shaun Breslin
  • Korea's victory over the Global Financial Crisis of 2008-09 / Barbara Stallings
  • India's response to the Global Financial Crisis : from quick rebound to protracted slowdown? / John Echeverri-Gent
  • Southeast Asia's post-crisis recovery : so far, so good / Mark Beeson
  • The Global Financial Crisis and Latin American economies / Eric Hershberg
  • Macroprudence versus macroprofligacy : Brazil, Argentina, and the Global Financial Crisis / Carol Wise and Maria Antonietta del Tedesco Lins
  • Mexico's recovery from the Global Financial Crisis / Gerardo Esquivel
  • Lessons from the country case studies / Leslie Elliott Armijo, Carol Wise, and Saori N. Katada
Isbn
9780815724766
Instance
Label
Unexpected outcomes : how emerging economies survived the global financial crisis
Title
Unexpected outcomes
Title remainder
how emerging economies survived the global financial crisis
Statement of responsibility
Carol Wise, Leslie Elliott Armijo, Saori N. Katada, editors
Creator
Contributor
Editor
Subject
Language
eng
Summary
This volume documents and explains the remarkable resilience of emerging market nations in East Asia and Latin America when faced with the global financial crisis in 2008-2009. Their quick bounceback from the crisis marked a radical departure from the past, such as when the 1982 debt shocks produced a decade-long recession in Latin America or when the Asian financial crisis dramatically slowed those economies in the late 1990s. Why? This volume suggests that these countries' resistance to the initial financial contagion is a tribute to financial-sector reforms undertaken over the past two decades. The rebound itself was a trade-led phenomenon, favoring the countries that had gone the farthest with macroeconomic restructuring and trade reform. Old labels used to describe "neoliberal versus developmentalist" strategies do not accurately capture the foundations of this recovery. These authors argue that policy learning and institutional reforms adopted in response to previous crises prompted policymakers to combine state and market approaches in effectively coping with the global financial crisis. The nations studied include Korea, China, India, Mexico, Argentina, and Brazil, accompanied by Latin American and Asian regional analyses that bring other emerging markets such as Chile and Peru into the picture. The substantial differences among the nations make their shared success even more remarkable and worthy of investigation. And although 2012 saw slowed growth in some emerging market nations, the authors argue this selective slowing suggests the need for deeper structural reforms in some countries, China and India in particular.--
Assigning source
Provided by Publisher
Cataloging source
DLC
http://library.link/vocab/creatorName
Wise, Carol
Illustrations
illustrations
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Armijo, Leslie Elliott
  • Katada, Saori N
http://library.link/vocab/subjectName
  • Finance
  • Financial crises
  • Global Financial Crisis, 2008-2009
  • Developing countries
  • Developing countries
Label
Unexpected outcomes : how emerging economies survived the global financial crisis, Carol Wise, Leslie Elliott Armijo, Saori N. Katada, editors
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Contents
Foreword / Joshua Aizenman -- The puzzle / Carol Wise, Leslie Elliott Armijo, and Saori N. Katada -- Chinese financial statecraft and the response to the Global Financial Crisis / Shaun Breslin -- Korea's victory over the Global Financial Crisis of 2008-09 / Barbara Stallings -- India's response to the Global Financial Crisis : from quick rebound to protracted slowdown? / John Echeverri-Gent -- Southeast Asia's post-crisis recovery : so far, so good / Mark Beeson -- The Global Financial Crisis and Latin American economies / Eric Hershberg -- Macroprudence versus macroprofligacy : Brazil, Argentina, and the Global Financial Crisis / Carol Wise and Maria Antonietta del Tedesco Lins -- Mexico's recovery from the Global Financial Crisis / Gerardo Esquivel -- Lessons from the country case studies / Leslie Elliott Armijo, Carol Wise, and Saori N. Katada
Control code
FIEb17675765
Dimensions
23 cm.
Extent
xi, 244 pages
Isbn
9780815724766
Media category
unmediated
Media MARC source
rdamedia.
Media type code
  • n
Other physical details
illustrations
System control number
(OCoLC)891001624
Label
Unexpected outcomes : how emerging economies survived the global financial crisis, Carol Wise, Leslie Elliott Armijo, Saori N. Katada, editors
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Contents
Foreword / Joshua Aizenman -- The puzzle / Carol Wise, Leslie Elliott Armijo, and Saori N. Katada -- Chinese financial statecraft and the response to the Global Financial Crisis / Shaun Breslin -- Korea's victory over the Global Financial Crisis of 2008-09 / Barbara Stallings -- India's response to the Global Financial Crisis : from quick rebound to protracted slowdown? / John Echeverri-Gent -- Southeast Asia's post-crisis recovery : so far, so good / Mark Beeson -- The Global Financial Crisis and Latin American economies / Eric Hershberg -- Macroprudence versus macroprofligacy : Brazil, Argentina, and the Global Financial Crisis / Carol Wise and Maria Antonietta del Tedesco Lins -- Mexico's recovery from the Global Financial Crisis / Gerardo Esquivel -- Lessons from the country case studies / Leslie Elliott Armijo, Carol Wise, and Saori N. Katada
Control code
FIEb17675765
Dimensions
23 cm.
Extent
xi, 244 pages
Isbn
9780815724766
Media category
unmediated
Media MARC source
rdamedia.
Media type code
  • n
Other physical details
illustrations
System control number
(OCoLC)891001624

Subject

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