Author: Toby Carroll
Publisher: Routledge
ISBN: 1317450825
Category : Social Science
Languages : en
Pages : 118
Book Description
Multilateral development agencies have increasingly focused on underdeveloped Asian countries as potential new sites for financial capital. Often referred to as ‘emerging markets’, these economies are seen as ripe for private sector investment and, at the same time, in need of foreign capital to support rapid industrialisation, modernisation and poverty reduction. This confluence of interests suggests a means for quickly closing the ‘development gap’, primarily through mobilising regulatory, institutional and governance reforms designed to reduce barriers to foreign capital, institutional inefficiencies and risks to investment, capital repatriation and market operation. Therefore, development agencies now encourage the construction of ‘enabling environments’ to support ‘market driven development’ through processes variously identified as ‘financialisation’, centring on the role of the market and private capital. While the state itself has historically occupied a central place in economic development, new financialised modes of development are increasingly marginalising the state, its influence in the economy and thus its ability to manage developmental outcomes. In this volume a collection of leading authors critically assess these developments, highlighting the emergence of financialised modes of development and their contested and often problematic nature. Drawing upon a series of case studies, the contributors explore not just the increasing use of financialised development initiatives, but assess critically their implications in terms of the emergent risks, costs and inequalities that often accompany them. This book was originally published as a special issue of the Asian Studies Review.
Financialisation and Development in Asia
Author: Toby Carroll
Publisher: Routledge
ISBN: 1317450825
Category : Social Science
Languages : en
Pages : 118
Book Description
Multilateral development agencies have increasingly focused on underdeveloped Asian countries as potential new sites for financial capital. Often referred to as ‘emerging markets’, these economies are seen as ripe for private sector investment and, at the same time, in need of foreign capital to support rapid industrialisation, modernisation and poverty reduction. This confluence of interests suggests a means for quickly closing the ‘development gap’, primarily through mobilising regulatory, institutional and governance reforms designed to reduce barriers to foreign capital, institutional inefficiencies and risks to investment, capital repatriation and market operation. Therefore, development agencies now encourage the construction of ‘enabling environments’ to support ‘market driven development’ through processes variously identified as ‘financialisation’, centring on the role of the market and private capital. While the state itself has historically occupied a central place in economic development, new financialised modes of development are increasingly marginalising the state, its influence in the economy and thus its ability to manage developmental outcomes. In this volume a collection of leading authors critically assess these developments, highlighting the emergence of financialised modes of development and their contested and often problematic nature. Drawing upon a series of case studies, the contributors explore not just the increasing use of financialised development initiatives, but assess critically their implications in terms of the emergent risks, costs and inequalities that often accompany them. This book was originally published as a special issue of the Asian Studies Review.
Publisher: Routledge
ISBN: 1317450825
Category : Social Science
Languages : en
Pages : 118
Book Description
Multilateral development agencies have increasingly focused on underdeveloped Asian countries as potential new sites for financial capital. Often referred to as ‘emerging markets’, these economies are seen as ripe for private sector investment and, at the same time, in need of foreign capital to support rapid industrialisation, modernisation and poverty reduction. This confluence of interests suggests a means for quickly closing the ‘development gap’, primarily through mobilising regulatory, institutional and governance reforms designed to reduce barriers to foreign capital, institutional inefficiencies and risks to investment, capital repatriation and market operation. Therefore, development agencies now encourage the construction of ‘enabling environments’ to support ‘market driven development’ through processes variously identified as ‘financialisation’, centring on the role of the market and private capital. While the state itself has historically occupied a central place in economic development, new financialised modes of development are increasingly marginalising the state, its influence in the economy and thus its ability to manage developmental outcomes. In this volume a collection of leading authors critically assess these developments, highlighting the emergence of financialised modes of development and their contested and often problematic nature. Drawing upon a series of case studies, the contributors explore not just the increasing use of financialised development initiatives, but assess critically their implications in terms of the emergent risks, costs and inequalities that often accompany them. This book was originally published as a special issue of the Asian Studies Review.
Financial Sector Development in Asia
Author: Shahid N. Zahid
Publisher: Oxford University Press, USA
ISBN:
Category : Business & Economics
Languages : en
Pages : 444
Book Description
Contains revised and edited material from the overall synthesis report and the three regional reports in volume 1. Comprises edited versions of the country reports in volume 2.
Publisher: Oxford University Press, USA
ISBN:
Category : Business & Economics
Languages : en
Pages : 444
Book Description
Contains revised and edited material from the overall synthesis report and the three regional reports in volume 1. Comprises edited versions of the country reports in volume 2.
Liberalization, Growth, and the Asian Financial Crisis
Author: Mohamed Ariff
Publisher: Edward Elgar Publishing
ISBN: 9781781952733
Category : Business & Economics
Languages : en
Pages : 552
Book Description
This work examines the effects of financial liberalization of the more advanced economies in Southeast Asia and analyses the degree to which emerging and transitional economies in East and South Asia can benefit from this example.
Publisher: Edward Elgar Publishing
ISBN: 9781781952733
Category : Business & Economics
Languages : en
Pages : 552
Book Description
This work examines the effects of financial liberalization of the more advanced economies in Southeast Asia and analyses the degree to which emerging and transitional economies in East and South Asia can benefit from this example.
Financial Development in Asia
Author: Barry J. Eichengreen
Publisher: Institute of Southeast Asian Studies
ISBN: 9812302719
Category : Bond market
Languages : en
Pages : 44
Book Description
Data shows that emerging Asia relies less on bonds and more on banks than developed countries. What costs, if any, do Asian countries incur as a result of their heavy dependence on bank finance. Eichengreen addresses the questions: what benefits will flow from better bond markets and will initiatives now being taken be adequate for achieving this end?
Publisher: Institute of Southeast Asian Studies
ISBN: 9812302719
Category : Bond market
Languages : en
Pages : 44
Book Description
Data shows that emerging Asia relies less on bonds and more on banks than developed countries. What costs, if any, do Asian countries incur as a result of their heavy dependence on bank finance. Eichengreen addresses the questions: what benefits will flow from better bond markets and will initiatives now being taken be adequate for achieving this end?
Real and Financial Integration in Asia
Author: Shandre M. Thangavelu
Publisher: Routledge
ISBN: 1136251715
Category : Business & Economics
Languages : en
Pages : 226
Book Description
This book investigates the impact of both real and financial integration to growth and to welfare, and to enquire whether increases in either or both forms build the linkage between the real and financial economy. It contributes to the following two areas: (1) Research of economic developments in East Asia, the most dynamic and populous region in the world, in itself is important for researchers, policy makers, journalists, business people and others. East Asia’s economic developments influence peoples’ lives not only in East Asia but also in other parts of the world. (2) Many aspects of East Asian experiences in economic development are unique, making research of East Asia attractive and important to discern mechanisms of economic development. The first part of this study begins with chapters that address the measurement of regional integration compared with the engagement with the global economy and how this influences the aggregate behavior of the economies. The second part turns to consideration of the financial sector and the efficiency and performance of banking in the region. This allows a discussion whether, in the current crisis, the banking sector was an important channel of financial shock into real behavior. The third part turns to the corporate sector. Using data on firms, type of finance used by firms, its impact on their performance, and ownership structure influence over the productivity growth are discussed. Based on the findings, the book presents several policy recommendation and future research agenda for further economic integration in East Asia.
Publisher: Routledge
ISBN: 1136251715
Category : Business & Economics
Languages : en
Pages : 226
Book Description
This book investigates the impact of both real and financial integration to growth and to welfare, and to enquire whether increases in either or both forms build the linkage between the real and financial economy. It contributes to the following two areas: (1) Research of economic developments in East Asia, the most dynamic and populous region in the world, in itself is important for researchers, policy makers, journalists, business people and others. East Asia’s economic developments influence peoples’ lives not only in East Asia but also in other parts of the world. (2) Many aspects of East Asian experiences in economic development are unique, making research of East Asia attractive and important to discern mechanisms of economic development. The first part of this study begins with chapters that address the measurement of regional integration compared with the engagement with the global economy and how this influences the aggregate behavior of the economies. The second part turns to consideration of the financial sector and the efficiency and performance of banking in the region. This allows a discussion whether, in the current crisis, the banking sector was an important channel of financial shock into real behavior. The third part turns to the corporate sector. Using data on firms, type of finance used by firms, its impact on their performance, and ownership structure influence over the productivity growth are discussed. Based on the findings, the book presents several policy recommendation and future research agenda for further economic integration in East Asia.
Financing East Asia’s Success
Author: Michael T. Skully
Publisher: Springer
ISBN: 1349090387
Category : Business & Economics
Languages : en
Pages : 255
Book Description
Publisher: Springer
ISBN: 1349090387
Category : Business & Economics
Languages : en
Pages : 255
Book Description
Finance, Rule of Law and Development in Asia
Author: Jiaxing Hu
Publisher: BRILL
ISBN: 9004315810
Category : Business & Economics
Languages : en
Pages : 545
Book Description
This volume offers a comparative study of Hong Kong, Singapore and Mainland China's financial models conducted by leading experts in the field and advances a sophisticated and common understanding on the development of financial centres in Asia based on the rule of law.
Publisher: BRILL
ISBN: 9004315810
Category : Business & Economics
Languages : en
Pages : 545
Book Description
This volume offers a comparative study of Hong Kong, Singapore and Mainland China's financial models conducted by leading experts in the field and advances a sophisticated and common understanding on the development of financial centres in Asia based on the rule of law.
Managing Economic Development in Asia
Author: Kuotsai Liou
Publisher: Bloomsbury Publishing USA
ISBN: 0313010544
Category : Business & Economics
Languages : en
Pages : 310
Book Description
From 1965 to 1990, the 23 East Asian economies grew faster than all other regions of the world. The high-performing economies of Japan, South Korea, Taiwan, Hong Kong, Singapore, Thailand, Malaysia, and Indonesia experienced low and declining levels of income inequality as well. The June 1997 financial crisis has challenged these economies. Many of the high-performing economies have experienced serious problems, including falls in currency and equity markets, significant slowdowns in international trade, and setbacks in economic growth. Emphasizing the role of government and the importance of managing development, this book provides an overview of the major impact of the financial crisis on selected Asian countries and of the development policies implemented. Examining the experience of managing economic development, the book includes contributed chapters on China, Hong Kong, Indonesia, Japan, Korea, Malaysia, Taiwan, Thailand, Singapore, and Southeast Asia. It will be a useful resource for scholars, students, and those researching Asian economic development.
Publisher: Bloomsbury Publishing USA
ISBN: 0313010544
Category : Business & Economics
Languages : en
Pages : 310
Book Description
From 1965 to 1990, the 23 East Asian economies grew faster than all other regions of the world. The high-performing economies of Japan, South Korea, Taiwan, Hong Kong, Singapore, Thailand, Malaysia, and Indonesia experienced low and declining levels of income inequality as well. The June 1997 financial crisis has challenged these economies. Many of the high-performing economies have experienced serious problems, including falls in currency and equity markets, significant slowdowns in international trade, and setbacks in economic growth. Emphasizing the role of government and the importance of managing development, this book provides an overview of the major impact of the financial crisis on selected Asian countries and of the development policies implemented. Examining the experience of managing economic development, the book includes contributed chapters on China, Hong Kong, Indonesia, Japan, Korea, Malaysia, Taiwan, Thailand, Singapore, and Southeast Asia. It will be a useful resource for scholars, students, and those researching Asian economic development.
Liberalization and Growth in Asia
Author: Mohamed Ariff
Publisher: Edward Elgar Publishing
ISBN:
Category : Asia
Languages : en
Pages : 430
Book Description
In this second edition the authors from Monash and Bond Universities respectively present a thoroughly revised account of the effects of financial liberalization and growth and development in the more advanced economies of Southeast Asia. New chapters focus on the post-crisis reforms and their policy impacts.
Publisher: Edward Elgar Publishing
ISBN:
Category : Asia
Languages : en
Pages : 430
Book Description
In this second edition the authors from Monash and Bond Universities respectively present a thoroughly revised account of the effects of financial liberalization and growth and development in the more advanced economies of Southeast Asia. New chapters focus on the post-crisis reforms and their policy impacts.
Pacific Asia
Author: Yumei Zhang
Publisher: Psychology Press
ISBN: 9780415184892
Category : History
Languages : en
Pages : 204
Book Description
Covers the period since 1945 with a focus on the 1990s.
Publisher: Psychology Press
ISBN: 9780415184892
Category : History
Languages : en
Pages : 204
Book Description
Covers the period since 1945 with a focus on the 1990s.