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It is often said that after the crisis economic textbooks have to be rewritten. However, as surveys show, almost all professors continue using the standard IS-LM/AS-AD model as the workhorse for undergraduate training. This paper shows that the IS-LM/AS-AD model is not only full of obvious...
Persistent link: https://www.econbiz.de/10009652576
As the recession has deepened and the financial debacle has passed from one flare-up to another during the past seven or eight months, commentary on the economy’s troubles has swelled tremendously.
Persistent link: https://www.econbiz.de/10008464154
Die Staaten der Welt haben auf die Terroranschläge des 11. September 2001 und die nachfolgenden Militärschläge gegen Afghanistan unterschiedlich reagiert. In der Region Ost- und Südostasien waren die Staaten je nach Position im Gefüge der internationalen Beziehungen und je nach innerer...
Persistent link: https://www.econbiz.de/10008682550
Persistent link: https://www.econbiz.de/10004998704
With the start of the global economic crisis, world foreign direct investment (FDI) inflows decreases by 16% in 2008, then dropped sharply by 37% in 2009 and gained a marginal 1% increase in 2010. The decrease was relatively more pronounced in the developed countries. For the first time,...
Persistent link: https://www.econbiz.de/10009224847
systems in Asia. This paper analyzes the key factors determining and the possible avenues for strengthening social protection … systems in Asia. The choice of an appropriate combination of avenues depends on the initial starting point, public policy … labor market trends in Asia. It stresses that rapid ageing and large, informal labor markets pose challenges for Asian …
Persistent link: https://www.econbiz.de/10009363321
This paper draws on the experiences of the Far East Economic Crisis in 1998 and argues that: (1) the poor depended heavily on bonding social capital during the Crisis, but the crunch-point beyond which they felt no longer able to rely on this is less certain; (2) bridging social capital could...
Persistent link: https://www.econbiz.de/10009323686
their roles, largely at the expense of regional suppliers. One key to Asia's competitive success vis-a-vis Mexico and …
Persistent link: https://www.econbiz.de/10010669701
Abstract Although in the post-World War II period as a whole, developing countries have made substantial economic and industrial progress, during the last decade or so, many of them, particularly in Latin America and Africa, have been in an acute economic crisis . As a consequence, these...
Persistent link: https://www.econbiz.de/10011108608
This chapter presents a set of stylized facts and PTAs features which are shared across the region’s economies. Agreements are routinely classified with respect to the level of development of partners, their number and regional proximity and contiguity. The other features of the agreements...
Persistent link: https://www.econbiz.de/10010604341