28 November 2008
NTS Alert (Nov 2008 – Issue 2)
Abstract
The current global economic downturn that transpired as a result of the subprime crisis in the United States, has brought about worldwide concern of a deepening economic recession. In Asia, it has also conjured memories of the 1997/1998 Asian Financial Crisis, which spawned not just economic insecurity, but also socio-political instability in the region. This edition of NTS Alert thus gives an overview of the causes and impacts of the 1997 Asian Financial Crisis and the 2008 Global Financial Crisis, and what countries are doing to mitigate the effects of 1997/2008.
Abstract
The current global economic downturn that transpired as a result of the subprime crisis in the United States, has brought about worldwide concern of a deepening economic recession. In Asia, it has also conjured memories of the 1997/1998 Asian Financial Crisis, which spawned not just economic insecurity, but also socio-political instability in the region. This edition of NTS Alert thus gives an overview of the causes and impacts of the 1997 Asian Financial Crisis and the 2008 Global Financial Crisis, and what countries are doing to mitigate the effects of 1997/2008.
