East Asia and Global Finance

Late last year, JCA published a special issue on “The Financial Crises of 1997–98 and 2008–09: How Different Were They for Southeast Asia?” Guest edited by Rajah Rasiah, Kee Cheok Cheong and Richard Doner, their introduction, “Southeast Asia and the Asian and Global Financial Crises,” Journal of Contemporary Asia 44 (4), 2014, it indicated the value of a focus on Southeast Asian responses to both crises.

Two crisesIn a review just made available at the JCA website, Jeffrey D. Wilson reviews a new book looking at the region, two crises and responses in the broad East Asia region (DOI: 10.1080/00472336.2015.1025603).

Two Crises, Different Outcomes: East Asia and Global Finance edited by T.J. Pempel and Keiichi Tsunekawa (Ithaca: Cornell University Press, 2015) is complimented for being “a book on financial crises in Asia for the non-specialist.” Wilson says that this is an “edited volume on the politics of the Asian and global financial crises achieves something few others do – placing financial crises in their broader political economy context.”

Wilson concludes that the collection “offers a politically grounded and high quality temporal comparison of the connections between the AFC and GFC and East Asian development, which should be of interest to both political economy and more general Asian studies readers.”

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