Download or read book A Comparative Study on Financial and Corporate Sector Restructuring in East Asia written by Masahiro Kawai and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Industrial Restructuring in East Asia written by Seiichi Masuyama and published by Institute of Southeast Asian Studies. This book was released on 2001-12-01 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is about the restructuring of industry in ten East Asian economies at the start of the twenty-first century. It examines the dynamic aspects of the region's industrial structures -- the changes occurring with globalisation fuelled by liberalisation and by a paradigm shift from industrial technology to information technology. The traditional "flying geese" concept is less relevant to explaining the economic and industrial development in the region as the pattern has become less predictable.
Download or read book Two Crises Different Outcomes written by T. J. Pempel and published by Cornell University Press. This book was released on 2015-05-06 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Two Crises, Different Outcomes examines East Asian policy reactions to the two major crises of the last fifteen years: the global financial crisis of 2008–9 and the Asian financial crisis of 1997–98. The calamity of the late 1990s saw a massive meltdown concentrated in East Asia. In stark contrast, East Asia avoided the worst effects of the Lehman Brothers collapse, incurring relatively little damage when compared to the financial devastation unleashed on North America and Europe. Much had changed across the intervening decade, not least that China rather than Japan had become the locomotive of regional growth, and that the East Asian economies had taken numerous steps to buffer their financial structures and regulatory regimes. This time Asia avoided disaster; it bounced back quickly after the initial hit and has been growing in a resilient fashion ever since. The authors of this book explain how the earlier financial crisis affected Asian economies, why government reactions differed so widely during that crisis, and how Asian economies weathered the Great Recession. Drawing on a mixture of single-country expertise and comparative analysis, they conclude by assessing the long-term prospects that Asian countries will continue their recent success.
Download or read book Corporate Debt Restructuring in East Asia written by Mr.Mark R. Stone and published by International Monetary Fund. This book was released on 1998-10-01 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper summarizes some lessons from international experience for corporate debt restructuring in east Asia. Basic principles of debt restructuring are described, the experiences of Mexico, Chile, the United Kingdom, Hungary, and Poland are examined, and general lessons are drawn. The approaches currently being adopted in Indonesia, Korea, Malaysia and Thailand are then reviewed in the context of these lessons.
Download or read book Bank and Corporate Restructuring in Crisis affected East Asia written by Masahiro Kawai and published by . This book was released on 2001 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Business Groups in East Asia written by Sea-Jin Chang and published by OUP Oxford. This book was released on 2006-03-02 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1997 Asian Crisis principally affected Thailand, Indonesia, Malaysia, and Korea, as well as other East Asian countries heavily dependent on intra-regional trade. Banks and other financial institutions quickly become insolvent, and heavily indebted industrial firms went bankrupt. Many of these firms were affiliated with the business groups of this region, yet most groups did not immediately collapse, indeed they proved remarkably robust, some surviving and even prospering. This book examines these East Asian business groups and their subsequent restructuring following the Asian Crisis. East Asian nations embarked on very different trajectories to this common external shock. The Asian Crisis affected the inter-relationships among the socio-cultural environment, the state, and the market of each country quite differently and had distinct effects on the operations of these countries' business groups. This slow yet divergent pattern of development provides evidence against theories of rapid global convergence. Yet East Asian business groups face an uncertain future. Foreign investors' influence has increased substantially since the crisis, as East Asian governments had to accommodate their demands to keep attracting foreign capital. Governments supervise banks more closely and have loosened restrictions on mergers and hostile takeovers, further strengthening the discipline of the market. Various entry barriers that had inhibited foreign multinationals from competing in national markets were lifted, exposing business groups to intensified foreign competition. Under these new conditions, business groups in East Asia should reconfigure their business structures and adjust their corporate governance systems to regain momentum for further growth. Business groups will continue to be important vehicles for the sustained future growth of this region, and this book presents a substantial amount of new data on this, which will be of interest to academics, researchers, and advanced students of East Asian business, and business practitioners working within the region.
Download or read book Progress on Financial and Corporate Restructuring written by Swati Ghosh and published by . This book was released on 2002 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Growth in East Asia, including that of the crisis-affected countries has strengthened progressively-despite the magnitude of the shocks experienced during the financial crisis and their effects on the balance sheets of financial institutions and corporates. Progress on financial and corporate restructuring has contributed to the consolidation of growth. Indeed. Countries that have made the most progress on corporate and financial sector restructuring, notably Korea and Malaysia-have experienced the strongest growth performance since the crisis. However, growth has not been sufficient to redress the problems in the balance sheets of financial and corporate sectors. Although progress has been made in reducing vulnerabilities, especially in the banking sector, progress on corporate restructuring has been slower and more uneven across countries. In most countries, debt-to-equity ratios remain high relative to international norms and continue to pose a threat in the event of a major shock. A sustained effort is needed to complete the corporate and financial sector restructuring agenda, especially since the cases that remain are the more difficult ones. Such efforts are important not only to further potential vulnerability in the kind of uncertain global economic environment we are witnessing, but also to position East Asia for productivity-led growth that must be the basis for sustained improvements in income over the longer-term.
Download or read book A Comparative Study of East Asian Capitalism written by Hong Yung Lee and published by Institute of East Asian Studies University of California - B. This book was released on 2014 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book represents an initial attempt to compare China, Japan, and South Korea, three close geographical and cultural neighbors whose developmental trajectories, though divergent in the past, have been moving more recently toward convergence"--
Download or read book Reforming Economic Systems in Asia written by Maria Weber and published by Edward Elgar Publishing. This book was released on 2001 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Weber (international relations and comparative politics, Bocconi U., Milan) and other international scholars discuss the ongoing transition in Asian countries from socialist to market type economies. The first four chapters analyze economic reforms in China, Japan, South Korea, Malaysia, and Thailand following the Asian crisis. The remaining contributions examine international variables, such as the role of the Asia-Pacific Economic Forum in the process of trade liberalization since the Seattle protests. Annotation copyrighted by Book News, Inc., Portland, OR
Download or read book Financial Sector Crisis and Restructuring written by Carl-Johan Lindgren and published by . This book was released on 1999 with total page 103 pages. Available in PDF, EPUB and Kindle. Book excerpt: An IMF paper reviewing the policy responses of Indonesia, Korea and Thailand to the 1997 Asian crisis, comparing the actions of these three countries with those of Malaysia and the Philippines. Although all judgements are still tentative, important lessons can be learned from the experiences of the last two years.
Download or read book Neoliberalism and Institutional Reform in East Asia written by Meredith Jung-En Woo and published by Palgrave MacMillan. This book was released on 2007-11-06 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the aftermath of the Asian financial crisis of the late 1990s, international financial institutions suggested various neoliberal quick-fix solutions for reforming economic management within East Asian countries. This book brings together scholars of political economy, law and sociology to interrogate the seemingly unproblematic notions - the rules of law, good corporate governance, and flexible labour market - that inform neoliberal policy prescriptions. It also discusses how these concepts have been translated and practiced in East Asia, exploring the philosophical and empirical bases of the suggested solutions and examining the extent to which they have been followed.
Download or read book East Asia s Financial Systems written by Seiichi Masuyama and published by . This book was released on 1999 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial systems in the East Asian region are commanding worldwide attention. Japan's financial sector, with an ailing banking system in the aftermath of a bubble economy, is undergoing a "Big Bang" deregulation, liberalization, and securitization. At the same time, the rehabilitation of Southeast Asian and Korean economies in the wake of the Asian financial crisis awaits restoration of their banking sectors. The region's bank-dominated and development finance-oriented financial systems are coming into friction with global capital markets that lack adequate architecture. In this volume, researchers from ten East Asian think- tanks analyse the financial systems in their respective economies. They survey the financial sector deregulation and liberalization that took place in the midst of economic booms and they evaluate the role of the financial systems in the region's current economic misfortunes. Together, the pieces in this volume lay the groundwork for understanding how financial systems in East Asia have evolved as the economies have grown more complex and capital markets have globalized, and how these systems must adapt to move beyond today's crisis to serve the region's economies in the future.
Download or read book Corporate Restructuring written by Michael Pomerleano and published by . This book was released on 2005 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This timely volume takes an in-depth look at the efforts to fight corporate crisis in Indonesia, Korea, Malaysia, and Thailand, among others, and discusses the vital role of governments in securing and enabling legal system, effective out-of-court workouts, supportive tax regimes, and complementary policy and regulatory initiatives to confront systemic corporate distress." --Résumé de l'éditeur.
Download or read book Economic Restructuring in East Asia and India written by P. Agrawal and published by Palgrave Macmillan. This book was released on 1995-08-09 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comparative picture of the restructuring experiences of five Asian economies: South Korea, Singapore, Indonesia, Thailand and India. In the case of Indonesia and Thailand, the focus is on short-run structural adjustment measures, and in the case of South Korea and Singapore, the emphasis is on longer term industrial, trade, labour and financial sector policies. The chapter on India views the country's economic development in the light of the above analysis. The political economy of the policy-making process is examined in each case.
Download or read book How to Accelerate Corporate and Financial Sector Restructuring in East Asia written by Stijn Claessens and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Governance Re invented written by United Nations. Economic and Social Commission for Asia and the Pacific and published by United Nations Publications. This book was released on 2001 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wide-ranging reforms of the financial sector were undertaken by many developing economies in the Economic and Social Commission for Asia and the Pacific region, particularly in the late 1980s and early 1990s. This publication contains four country studies of the restructuring reforms implemented in Indonesia, Malaysia, the Republic of Korea and Thailand, together with a regional overview paper presented at a sub-regional seminar and a report on the seminar proceedings.
Download or read book Large Scale Post Crisis Corporate Sector Restructuring written by Mr.Mark R. Stone and published by International Monetary Fund. This book was released on 2000-07-01 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper summarizes the objectives, tasks, and modalities of large-scale, post-crisis corporate restructuring based on nine recent episodes with a view to organizing the policy choices and drawing some general conclusions. These episodes suggest that government-led restructuring efforts should integrate corporate and bank restructuring in a holistic and transparent strategy based on clearly defined objective and including sunset provisions.
