The objective of this paper is to survey the social consequences of the 1997 Asian financial crisis with the purpose of drawing lessons for addressing the current economic crisis. The outbreak of the financial crisis and the ensuing increase in unemployment and poverty triggered worsening of education and health outcomes. The situation stabilized and eventually improved only after massive government intervention in the affected countries. Employment creation programs and cash transfers played a critical role in alleviating poverty, while education, nutrition and healthcare programs helped contain emergence of long-term adverse effects.link_to_OA_fulltex
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Since mid 1997, a number of countries in East Asia have been hit by a severe economic and financial ...
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The Philippines, having been integrated into the global economy, has not been spared from the financ...
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This thesis analyzes the Asian financial crisis by providing a comprehensive view of the development...
To many people, both in South-East Asia and elsewhere, the crisis which struck a group of South-East...
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This paper draws on the experiences of the Far East Economic Crisis in 1998 and argues that: (1) the...
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The severe economic slowdown and monetary crisis that affected most Asian countries after massive sp...
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