Asia

From Asian to Global Financial Crisis

Author:

Andrew Sheng

This is a unique insider account of the new world of unfettered finance. The author, an Asian regulator, examines how old mindsets, market fundamentalism, loose monetary policy, carry trade, lax supervision, greed, cronyism, and financial engineering caused both the Asian crisis of the late 1990s and the current global crisis of 2008-2009.

From Asian to Global Financial Crisis: An Asian Regulator's View of Unfettered Finance in the 1990s and 2000s Read more

What's Next in Asia - David Hale

In part 2 of INET's interview with David Hale, he discusses how the earthquake is shaking up the already turbulent politics in Japan, and how China is grappling with labor shortages and inflation of more than 5 percent.

Development and Inequality: What Can the Asian Experience Teach Us?

Project Leader:

Vamsi Vakulabharanam

This study aims to throw light on the relationship between development and inequality by analyzing the Asian experience after 1950s. In the first wave of Asian growth, some Asian economies (such as Japan and the ‘Tiger’economies) experienced a relatively equal early capitalist growth/development process between 1950s and 1980. Subsequent growth however became much more unequal. Read more

Q&A and discussion in the panel "The Architecture of Asia: Financial Structure and An Emerging Economic System" with Paul Blustein, Joseph Stiglitz, Charles Dallara, Y.V. Reddy, Yasheng Huang, Brad Delong, and Yu Yongding at the Bretton Woods Conference on April 10, 2011.