亚洲济及其对世界市场竞争力影响.pptx

TEXTEconomicCrisisEndsYearsofHighGrowthAsiancountriesachievedoutstandingeconomicperformanceforseveraldecadesbeforetheeconomiccrisisoccurred.TheannualGDPgrowthrateinASEANaveragedcloseto8percentoverthelastdecade.PercapitaelevelsinAsiahaveincreasedremarkably,withKoreaplishinganearlyten-foldriseoccurringoverthelast30years.Asiandevelopingcountriesattractedalmosthalfoftheworldtotalcapitalinflowsandtheirshareinworldexportshasnearlydoubledreachingalmostone-fifthinthelastdecade.Forallthesereasons,thedevelopingandemergingmarketeconomiesofAsiahavebeenamajorengineofgrowthintheworldeconomy.UnitFive

Asia’sEconomicCrisisandChangingCompetitiveness

intheWorldMarket

UnitFive

Asia’sEconomicCrisisandChangingCompetitiveness

intheWorldMarketThecausesofthecurrencycrisisthateruptedinThailandinthesummerof1997andthenspreadtoneighboringcountries,arevariousanddifferforeachcountry.ForKoreaandJapanthemainproblemspointedoutascausesarethestructuralweaknesses,especiallyintheirfinancialsystems.ForthepastseveralyearsbothcountrieshaveexperiencedrecessionsandJapan’sgrowth,inparticular,hasbeenverymodestsincetheearly1990s.Incontrast,theSoutheastAsiancountriessuchasThailand,Indonesia,thePhilippinesandMalaysiawereenjoyingrapideconomicgrowthbuthaddevelopedlargeexternaldeficitsandalsosufferedfromextremelyfragilefinancialsectors.However,China,HongKong,TaiwanandSingapore,consideredthegreatChineseeconomicbloc,havebeenenjoyingrapidgrowthandverystrongexternalpositionsthatincludelargetradesurplusesandverysizableforeignexchangereserves.

UnitFive

Asia’sEconomicCrisisandChangingCompetitiveness

intheWorldMarketTheCrisisIsNotOverVariouspolicymeasureshavebeenanno