East Asia :: growth, crisis and recovery (the Western shuttle model of economic takeoff) /
"When the financial firestorm swept through Asia in 1997, many economists scrambled to put together a coherent explanation of such a crisis. Early responses focused on economic and currency issues but these were more likely to be symptoms of the crisis and not causes. Soon after, it became appa...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Singapore ; River Edge, N.J. :
World Scientific,
©2000.
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | "When the financial firestorm swept through Asia in 1997, many economists scrambled to put together a coherent explanation of such a crisis. Early responses focused on economic and currency issues but these were more likely to be symptoms of the crisis and not causes. Soon after, it became apparent that the very essence of the crisis was of a financial, capital flow and banking nature. Further investigation revealed the crucial role played by foreign money, loose lending practices by banks and unhedged $US-denominated debt interacting to generate a huge asset price bubble. The twin liberalisations of deregulating capital flows and the domestic financial sector produced an explosion in foreign lending, and in turn a domestic credit boom." "This book seeks to fill the vacuum of understanding between the causes of the crisis and those of the "miracle" or boom. In many ways, financial variables and high profitability were at the heart of the unprecedented 35-year expansion, and not just the traditional explanations of accumulation and high productivity. For such reasons this book unveils the Western shuttle model (WSM) of economic take-off where catch-up growth is very much a function of exports to mature economy markets, which in turn generate super-profits and so super-growth. The WSM offers several explanations of the crisis including a loss of short term competitiveness, due in part to the asset price bubble crowding out viable export opportunities. In summary, the origins of East Asia's ascent and of its demise are but the same."--Jacket |
| Beschreibung: | 1 online resource (ix, 267 pages) : illustrations |
| Bibliographie: | Includes bibliographical references (pages 253-267). |
| ISBN: | 9789812792273 9812792279 |
Internformat
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| 100 | 1 | |a Western, David L. | |
| 245 | 1 | 0 | |a East Asia : |b growth, crisis and recovery (the Western shuttle model of economic takeoff) / |c David L. Western. |
| 246 | 3 | 0 | |a Growth, crisis and recovery (the Western shuttle model of economic takeoff) |
| 246 | 3 | 0 | |a Western shuttle model of economic takeoff |
| 260 | |a Singapore ; |a River Edge, N.J. : |b World Scientific, |c ©2000. | ||
| 300 | |a 1 online resource (ix, 267 pages) : |b illustrations | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 504 | |a Includes bibliographical references (pages 253-267). | ||
| 520 | 1 | |a "When the financial firestorm swept through Asia in 1997, many economists scrambled to put together a coherent explanation of such a crisis. Early responses focused on economic and currency issues but these were more likely to be symptoms of the crisis and not causes. Soon after, it became apparent that the very essence of the crisis was of a financial, capital flow and banking nature. Further investigation revealed the crucial role played by foreign money, loose lending practices by banks and unhedged $US-denominated debt interacting to generate a huge asset price bubble. The twin liberalisations of deregulating capital flows and the domestic financial sector produced an explosion in foreign lending, and in turn a domestic credit boom." "This book seeks to fill the vacuum of understanding between the causes of the crisis and those of the "miracle" or boom. In many ways, financial variables and high profitability were at the heart of the unprecedented 35-year expansion, and not just the traditional explanations of accumulation and high productivity. For such reasons this book unveils the Western shuttle model (WSM) of economic take-off where catch-up growth is very much a function of exports to mature economy markets, which in turn generate super-profits and so super-growth. The WSM offers several explanations of the crisis including a loss of short term competitiveness, due in part to the asset price bubble crowding out viable export opportunities. In summary, the origins of East Asia's ascent and of its demise are but the same."--Jacket | |
| 588 | 0 | |a Print version record. | |
| 505 | 0 | |a Introduction -- ch. 1. East Asia's economic performance -- ch. 2. The Western shuttle model of economic take-off -- ch. 3. Growth theory: multiple flight paths -- ch. 4. Penetrating Western markets -- ch. 5. Rocket engine one: super-profit -- ch. 6. Rocket engine two: hard currency -- ch. 7. The Asian crisis: internal or external causes? -- ch. 8. IMF intervention: boon or bane? -- ch. 9. Lessons from Japan's financial crisis -- ch. 10. Policy challenges, dilemmas and tradeoffs -- ch. 11. Economic recovery 2000 and beyond -- ch. 12. Common forces of ascent and demise. | |
| 650 | 0 | |a Economic development. |0 http://id.loc.gov/authorities/subjects/sh85040804 | |
| 651 | 0 | |a East Asia |x Economic conditions. |0 http://id.loc.gov/authorities/subjects/sh85040528 | |
| 651 | 0 | |a East Asia |x Economic policy. | |
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| 650 | 7 | |a BUSINESS & ECONOMICS |x Economic History. |2 bisacsh | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Economics |x Comparative. |2 bisacsh | |
| 650 | 7 | |a POLITICAL SCIENCE |x Economic Conditions. |2 bisacsh | |
| 650 | 7 | |a Economic development |2 fast | |
| 650 | 7 | |a Economic history |2 fast | |
| 650 | 7 | |a Economic policy |2 fast | |
| 651 | 7 | |a East Asia |2 fast | |
| 650 | 7 | |a Wirtschaftswachstum |2 gnd |0 http://d-nb.info/gnd/4066527-6 | |
| 650 | 7 | |a Wirtschaftskrise |2 gnd |0 http://d-nb.info/gnd/4066466-1 | |
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| 651 | 7 | |a Ostasien |2 gnd |0 http://d-nb.info/gnd/4075727-4 | |
| 758 | |i has work: |a East Asia (Text) |1 https://id.oclc.org/worldcat/entity/E39PCXDJ8YC9DfHYdHvVT4XfdP |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
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Datensatz im Suchindex
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| _version_ | 1804748438567387136 |
| adam_text | |
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| author | Western, David L. |
| author_facet | Western, David L. |
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| building | Verbundindex |
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| callnumber-label | HD75 |
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| collection | ZDB-4-EBU |
| contents | Introduction -- ch. 1. East Asia's economic performance -- ch. 2. The Western shuttle model of economic take-off -- ch. 3. Growth theory: multiple flight paths -- ch. 4. Penetrating Western markets -- ch. 5. Rocket engine one: super-profit -- ch. 6. Rocket engine two: hard currency -- ch. 7. The Asian crisis: internal or external causes? -- ch. 8. IMF intervention: boon or bane? -- ch. 9. Lessons from Japan's financial crisis -- ch. 10. Policy challenges, dilemmas and tradeoffs -- ch. 11. Economic recovery 2000 and beyond -- ch. 12. Common forces of ascent and demise. |
| ctrlnum | (OCoLC)824698614 |
| dewey-full | 330.95 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 330 - Economics |
| dewey-raw | 330.95 |
| dewey-search | 330.95 |
| dewey-sort | 3330.95 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| geographic_facet | East Asia Economic conditions. East Asia Economic policy. Extrême-Orient Conditions économiques. East Asia Ostasien |
| id | ZDB-4-EBU-ocn824698614 |
| illustrated | Illustrated |
| indexdate | 2024-07-16T15:03:53Z |
| institution | BVB |
| isbn | 9789812792273 9812792279 |
| language | English |
| oclc_num | 824698614 |
| open_access_boolean | |
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| physical | 1 online resource (ix, 267 pages) : illustrations |
| psigel | ZDB-4-EBU |
| publishDate | 2000 |
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| publishDateSort | 2000 |
| publisher | World Scientific, |
| record_format | marc |
| spelling | Western, David L. East Asia : growth, crisis and recovery (the Western shuttle model of economic takeoff) / David L. Western. Growth, crisis and recovery (the Western shuttle model of economic takeoff) Western shuttle model of economic takeoff Singapore ; River Edge, N.J. : World Scientific, ©2000. 1 online resource (ix, 267 pages) : illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier Includes bibliographical references (pages 253-267). "When the financial firestorm swept through Asia in 1997, many economists scrambled to put together a coherent explanation of such a crisis. Early responses focused on economic and currency issues but these were more likely to be symptoms of the crisis and not causes. Soon after, it became apparent that the very essence of the crisis was of a financial, capital flow and banking nature. Further investigation revealed the crucial role played by foreign money, loose lending practices by banks and unhedged $US-denominated debt interacting to generate a huge asset price bubble. The twin liberalisations of deregulating capital flows and the domestic financial sector produced an explosion in foreign lending, and in turn a domestic credit boom." "This book seeks to fill the vacuum of understanding between the causes of the crisis and those of the "miracle" or boom. In many ways, financial variables and high profitability were at the heart of the unprecedented 35-year expansion, and not just the traditional explanations of accumulation and high productivity. For such reasons this book unveils the Western shuttle model (WSM) of economic take-off where catch-up growth is very much a function of exports to mature economy markets, which in turn generate super-profits and so super-growth. The WSM offers several explanations of the crisis including a loss of short term competitiveness, due in part to the asset price bubble crowding out viable export opportunities. In summary, the origins of East Asia's ascent and of its demise are but the same."--Jacket Print version record. Introduction -- ch. 1. East Asia's economic performance -- ch. 2. The Western shuttle model of economic take-off -- ch. 3. Growth theory: multiple flight paths -- ch. 4. Penetrating Western markets -- ch. 5. Rocket engine one: super-profit -- ch. 6. Rocket engine two: hard currency -- ch. 7. The Asian crisis: internal or external causes? -- ch. 8. IMF intervention: boon or bane? -- ch. 9. Lessons from Japan's financial crisis -- ch. 10. Policy challenges, dilemmas and tradeoffs -- ch. 11. Economic recovery 2000 and beyond -- ch. 12. Common forces of ascent and demise. Economic development. http://id.loc.gov/authorities/subjects/sh85040804 East Asia Economic conditions. http://id.loc.gov/authorities/subjects/sh85040528 East Asia Economic policy. Développement économique. Extrême-Orient Conditions économiques. economic development. aat BUSINESS & ECONOMICS Economic Conditions. bisacsh BUSINESS & ECONOMICS Economic History. bisacsh BUSINESS & ECONOMICS Economics Comparative. bisacsh POLITICAL SCIENCE Economic Conditions. bisacsh Economic development fast Economic history fast Economic policy fast East Asia fast Wirtschaftswachstum gnd http://d-nb.info/gnd/4066527-6 Wirtschaftskrise gnd http://d-nb.info/gnd/4066466-1 Wirtschaftspolitik gnd http://d-nb.info/gnd/4066493-4 Ostasien gnd http://d-nb.info/gnd/4075727-4 has work: East Asia (Text) https://id.oclc.org/worldcat/entity/E39PCXDJ8YC9DfHYdHvVT4XfdP https://id.oclc.org/worldcat/ontology/hasWork Print version: Western, David L. East Asia. Singapore ; River Edge, N.J. : World Scientific, ©2000 9810244053 (DLC) 2001267086 (OCoLC)45849051 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=514217 Volltext |
| spellingShingle | Western, David L. East Asia : growth, crisis and recovery (the Western shuttle model of economic takeoff) / Introduction -- ch. 1. East Asia's economic performance -- ch. 2. The Western shuttle model of economic take-off -- ch. 3. Growth theory: multiple flight paths -- ch. 4. Penetrating Western markets -- ch. 5. Rocket engine one: super-profit -- ch. 6. Rocket engine two: hard currency -- ch. 7. The Asian crisis: internal or external causes? -- ch. 8. IMF intervention: boon or bane? -- ch. 9. Lessons from Japan's financial crisis -- ch. 10. Policy challenges, dilemmas and tradeoffs -- ch. 11. Economic recovery 2000 and beyond -- ch. 12. Common forces of ascent and demise. Economic development. http://id.loc.gov/authorities/subjects/sh85040804 Développement économique. economic development. aat BUSINESS & ECONOMICS Economic Conditions. bisacsh BUSINESS & ECONOMICS Economic History. bisacsh BUSINESS & ECONOMICS Economics Comparative. bisacsh POLITICAL SCIENCE Economic Conditions. bisacsh Economic development fast Economic history fast Economic policy fast Wirtschaftswachstum gnd http://d-nb.info/gnd/4066527-6 Wirtschaftskrise gnd http://d-nb.info/gnd/4066466-1 Wirtschaftspolitik gnd http://d-nb.info/gnd/4066493-4 |
| subject_GND | http://id.loc.gov/authorities/subjects/sh85040804 http://id.loc.gov/authorities/subjects/sh85040528 http://d-nb.info/gnd/4066527-6 http://d-nb.info/gnd/4066466-1 http://d-nb.info/gnd/4066493-4 http://d-nb.info/gnd/4075727-4 |
| title | East Asia : growth, crisis and recovery (the Western shuttle model of economic takeoff) / |
| title_alt | Growth, crisis and recovery (the Western shuttle model of economic takeoff) Western shuttle model of economic takeoff |
| title_auth | East Asia : growth, crisis and recovery (the Western shuttle model of economic takeoff) / |
| title_exact_search | East Asia : growth, crisis and recovery (the Western shuttle model of economic takeoff) / |
| title_full | East Asia : growth, crisis and recovery (the Western shuttle model of economic takeoff) / David L. Western. |
| title_fullStr | East Asia : growth, crisis and recovery (the Western shuttle model of economic takeoff) / David L. Western. |
| title_full_unstemmed | East Asia : growth, crisis and recovery (the Western shuttle model of economic takeoff) / David L. Western. |
| title_short | East Asia : |
| title_sort | east asia growth crisis and recovery the western shuttle model of economic takeoff |
| title_sub | growth, crisis and recovery (the Western shuttle model of economic takeoff) / |
| topic | Economic development. http://id.loc.gov/authorities/subjects/sh85040804 Développement économique. economic development. aat BUSINESS & ECONOMICS Economic Conditions. bisacsh BUSINESS & ECONOMICS Economic History. bisacsh BUSINESS & ECONOMICS Economics Comparative. bisacsh POLITICAL SCIENCE Economic Conditions. bisacsh Economic development fast Economic history fast Economic policy fast Wirtschaftswachstum gnd http://d-nb.info/gnd/4066527-6 Wirtschaftskrise gnd http://d-nb.info/gnd/4066466-1 Wirtschaftspolitik gnd http://d-nb.info/gnd/4066493-4 |
| topic_facet | Economic development. East Asia Economic conditions. East Asia Economic policy. Développement économique. Extrême-Orient Conditions économiques. economic development. BUSINESS & ECONOMICS Economic Conditions. BUSINESS & ECONOMICS Economic History. BUSINESS & ECONOMICS Economics Comparative. POLITICAL SCIENCE Economic Conditions. Economic development Economic history Economic policy East Asia Wirtschaftswachstum Wirtschaftskrise Wirtschaftspolitik Ostasien |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=514217 |
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