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Social and Behavioral Sciences Commons

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2002

Kennesaw State University

Globalization

Articles 1 - 1 of 1

Full-Text Articles in Social and Behavioral Sciences

Globalization Of Financial Markets And The Asian Crisis: Some Lessons For Third World Developing Countries, Jong H. Park Oct 2002

Globalization Of Financial Markets And The Asian Crisis: Some Lessons For Third World Developing Countries, Jong H. Park

Faculty Publications

Park examines the causes of the Asian financial crisis and draws some lessons and implications for a series of issues, which may be of particular relevance to the Third World developing countries. These issues include: the appropriate role of the International Monetary Fund as an international agency in charge of helping member countries to maintain financial stability; the choice of an appropriate exchange rate regime and use of restrictions on private capital flows in the face of rising globalization; and the debate on the East Asian model of economic development.