The Asian economic crisis raised the need of a union of countries to stabilize the global economy and to support continuous development.
G20 held a summit talk to resolve the current global economy crisis by the necessary cooperation of developed countries and rising countries.
Japan’s Economy after the Global Economy Crisis and Its Responses
The Four Unfavorable Factors in the Japan
II. 2. The progress of Yen carry trade
Since 1990s, Japanese government and central bank started lowering interest rate policies so that Yen carry trade has begun.
1) After Kobe Earthquake in 1995, the Bank of Japan lowers the interest rate at 1%. In 1997, as financial crisis in East-Asia was broadening, Yen carry assets were paid off. In addition, The sharp increase in foreign bank as
East Asian models
Is China following the East Asian Model?
In relation to “East Asian Model”…
Questions: China would achieve another ‘East Asian Miracle’? China could avoid another financial crisis?
Some argued that China is following Japan-Korea model (Li and Lian 1999; Li, Li, and Zhang 2000)
“market-preserving authoritarianism”
Some argued that China is more likely foll
Japan.
II. 2. The progress of Yen carry trade
Since 1990s, Japanese government and central bank started lowering interest rate policies so that Yen carry trade has begun.
1) After Kobe Earthquake in 1995, the Bank of Japan lowers the interest rate at 1%. In 1997, as financial crisis in East-Asia was broadening, Yen carry assets were paid off. In addition
East and Russia.
Causes of the Global Imbalances :
- Events in the United States : Saving-Investment Imbalances
- Events Outside the US :
Inadequate Investments and Excessive Savings in Asia
Several signs of financial crisis :
- Real estate values rose
High current deficits was risen simultaneously
in many countries
- Extraordinary levels of leverage used
The fin
crisis solution, exchange rate management and financial policy coordination within the IMF have been designed to perpetuate the dominance of a few industrial countries, specifically the USA and the European Union member states. That is, the IMF lending decisions is a result of American policymakers and countries in which American banks are highly exposed and the governments closely allied with th
1. Introduction
There is the rapid economic growth of East Asian countries and many scholars attribute these performances to the state's active intervention in the process of economic development. These East Asian countries were called "the developmental state"(henceforth DS). Japan and four East Asian dragons - Korea, Taiwan, Singapore, and Hong Kong - have achieved economic grow
agriculture, hotel, real estate, paper industry, power plant, public enterprise, resorts, golf fields, real estate managing and apartment lease, and placed in 60th and 64th among ‘500 International Chinese Corporations’ respectively. However, as Southeast Asian economy was hit by the economic crisis of 1997, most of the Chinese companies also got into deep recession.
3. Thailand
East Asia Economic Caucus) which excluded the US
↓
3. opposed by Japan under US pressure
The EAEC failed to be materialized but later became the ASEAN plus 3 summit (institutionalized in 1999 and was first brought up in 1997)
→ formation of East Asia Summit at the ASEAN plus 3 summit meeting of Kuala Lumpur
PREFACE
Since the companies became enormous organizations which can affect to the whole stakeholders and environment,the decision making of an organization has a huge responsibility in the business area. Because the decision is significant, we have to analyze the decision on the various perspectives such as financial, social, ethical, and so on.
Especially the ethical decision making is gett