Book contents
- A History of Big Recessions in the Long Twentieth Century
- A History of Big Recessions in the Long Twentieth Century
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Boxes
- Acknowledgments
- 1 Introduction
- 2 Recession and Depression
- 3 World War I, Hyperinflation in the 1920s, and World War II
- 4 The Great Depression of the 1930s
- 5 Stagflation in the 1970s, Globalization, and the Financial Crisis of 2008–2009
- 6 Two Depressions in the Early Twenty-First Century
- 7 Soviet-Type Socialism and the Postsocialist Transition
- 8 Economic Crises in Latin America and East Asia
- 9 Synthesis and Interpretation
- Appendix
- References
- Index
8 - Economic Crises in Latin America and East Asia
Published online by Cambridge University Press: 06 February 2020
- A History of Big Recessions in the Long Twentieth Century
- A History of Big Recessions in the Long Twentieth Century
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Boxes
- Acknowledgments
- 1 Introduction
- 2 Recession and Depression
- 3 World War I, Hyperinflation in the 1920s, and World War II
- 4 The Great Depression of the 1930s
- 5 Stagflation in the 1970s, Globalization, and the Financial Crisis of 2008–2009
- 6 Two Depressions in the Early Twenty-First Century
- 7 Soviet-Type Socialism and the Postsocialist Transition
- 8 Economic Crises in Latin America and East Asia
- 9 Synthesis and Interpretation
- Appendix
- References
- Index
Summary
Chapter 8 studies the record of macroeconomic and financial crises, high inflation episodes, currency collapses, political crises, and collapses of democracy in Latin America and the financial crises and recession episodes in East Asian economies in the period 1970–2015. The chapter focuses on countries – such as Argentina and Venezuela – with high incidence of growth, inflation, and political crises, and also examines the cases of Chile and Mexico. The chapter examines the effects of the East Asian crisis of 1997–98 on Korea, Indonesia, the Philippines, Thailand, and Malaysia (the Asia-5 countries) and compares its impact on China, Vietnam, Singapore, and Hong Kong. The chapter offers a discussion on a wide variety of crisis and stabilization occurrences in a comparative perspective, highlighting economic and political economy factors.
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- A History of Big Recessions in the Long Twentieth Century , pp. 160 - 192Publisher: Cambridge University PressPrint publication year: 2020