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About this product
- DescriptionIt is difficult to overstate the growing importance of China and Asia in the global ecomy. Despite the sharp downturn experienced in the 1997 financial crisis, China and Asia have bounced back strongly in the new millennium and delivered solid ecomic growth. In this book, Ying-Wong Cheung and Kar-Yiu Wong have gathered together 35 rewned researchers from four continents to examine contemporary issues on the ecomic and financial interactions with a focus on China and Asia. Four broad areas are discussed. The first part deals with China and her interactions with other ecomies, the second with ecomic interactions within the region, the third with foreign exchange rate issues facing Asian ecomies, and the fourth with financial market development in the region. Within these chapters, some interesting results are explained, many of which differ from what is commonly believed. For example it is explained how exports from China and other Asian ecomies follow the flying geese' pattern and that these ecomies can grow in harmony; that appreciating the Asian exchange rates would t have much impact on their current account surpluses; that financial liberalization in Thailand did t create the short-term debt problem, which is believed to a major cause of the 1997 financial crisis. It is also described how developments in the US have very strong influences on Asian ecomies and that Mainland China was a less important source of external shocks than is commonly held.
- Author BiographyYin-Wong Cheung is a Professor in the Economics Department at the University of California, Santa Cruz, California, USA. Kar-yiu Wong is a Professor of Economics at the University of Washington, Seattle, USA.
- PublisherTaylor & Francis Ltd
- Date of Publication05/12/2008
- SubjectEconomics: Professional & General
- Series TitleRoutledge Studies in the Modern World Economy
- Series Part/Volume Numberv. 76
- Place of PublicationLondon
- Country of PublicationUnited Kingdom
- Content Note67 black & white illustrations, 56 black & white tables, 67 black & white line drawings
- Weight612 g
- Width156 mm
- Height234 mm
- Spine19 mm
- Edited byKar-yiu Wong,Yin-Wong Cheung
- Format DetailsPaper over boards
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