Asian Financial Crisis and the Global Financial Crisis: Comparison of their Impacts and the Recovery Process in Two Asian Economies

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2011
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Haverford College. Department of Economics
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Thesis
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Award
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eng
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Haverford users only
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Abstract
Asian economies have experienced two devastating financial crises in the last two decades: Asian financial crisis and the recent global financial crisis. This paper investigates the case of Thailand and Korea. From being the origin of one to being the victim of the other, Thailand’s economy had ups and downs. Korea also was heavily impacted by the Asian financial crisis in the late 1990s despite its strong growth. A decade later, Korea fell into turmoil once again. This paper compares the cases of the two countries during the two crises, and determines the similarities and differences across nations and across crises.
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