The development of the newly industrialized countries of Southeast Asia
State educational establishment of higher professional education
“the Russian State Pedagogical
Faculty of geography
Chapter 1. The age of the new economy 5
1.1 Asian States on the political map of the world 5
1.2 the path of development of industrialization 8
1.3 Industry of NIS in South-East Asia 11
Chapter 2. Features of economic development of the countries of South-East Asia in 80-90 16
2.1 Features of cyclic development 18
2.2 Economic consequences of the “collapse” 19
2.3.The role of foreign capital 23
2.4 structure of the financial system 24
2.5 the Role of large conglomerates 28
Chapter 3. The Asian financial crisis of 29
3.1 Monetary and financial crisis of 1997-1998 29
3.2 Errors of economic policy 33
3.3 the Banking crisis 34
3.4 Disruption of economic process 36
3.5 the Balance of power by early 1999 42
3.6 Measures to exit from the crisis 46
3.7 prospects for overcoming the crisis 50
3.8 the Impact of the financialcrisis the newly industrializing countries in the global economy 52
Chapter 4. Comparative characteristics of NIS in South-East Asia and Latin America 57
List of references 66
In recent years we have been witnessing a true avalanche of both domestic and foreign literature on the East Asian “miracle”, the countries of the Pacific belt and the modernization of the Asian economies. The world was shocked by yet another global stock market crash, which often marks the economic crisis. October and November 1997 has brought the world many dark days. Hong Kong and new York, London and Frankfurt, Tokyo and Moscow exchanges largest cities in the world, whatever language we speak their brokers, were filled with one desire: to sell. The main victims of the emerging markets. From there it began an intensive outflow of capital. What happened to the Asian tigers?
Consideration of this aspect of the development of the newly industrialized countries will allow to better understand the specificities of these economies, to show how Asia has been able for thirty years to go the way that Europe spent centuries. The face of Europe was changing gradually, year after year, and therefore there was no need for unnecessary violence, designed to accustom people to new ideas: on pack horses, we got on the cart, then came bezrassadnym crew for him – coach, railroad car, airplane, and even we seemed to progress too rapidly. What to Asia – she for thirty years, one generation, moved with pack donkeys to rolls-Royces. with breeding horses – on aircraft. Five hundred years it had taken us to fighting from the bow – a long, long time I was fighting with muskets – go for automatic weapons. Desert Marauder just before world war lost the spear and now goes on a RAID, a saddle slung over the machine gun “Maxim”. Four hundred years ago we invented the printing press and have come a long way of discipleship: printed from wooden boards to a set, fastened by screws, and there is a lever to press, steam press, electric press, as long as not reached the cheapness and speed of modern newspaper printing. In Asia mass printing came already assembled. If why it developed so quickly and well, there was the economic downturn? As the Asian tigers overcame the crisis, and what were the foreign policy implications?
In this paper I aim to answer these questions, and attempt to understand what the new industrial countries. To know where you came from and what happened to them?
To reach a goal you need to understand the socio – economic causes that affect the development of the newly industrialized countries of Southeast Asia. It is possible to allocate three reasons for development:
1. External dependencies of rapid economic growth.
2. High share of savings.
3. The narrowness of the domestic market.
Gradually considering these reasons, we expect to receive as a result answers questions and implementation goals of this work.
Chapter 1. The age of the new economy
1.1 Asian States on the political map of the world
Asia is the largest continent in the modern world with an area of about 45 million square kilometers and a population of over 3 billion people. On the mainland some 50 independent States. Until recently, Asia was one of the most unstable regions in the modern world. For the entire turbulent twentieth century there occurred many wars, there were dozens of revolutions, military coups, uprisings, coups.
Politically, Asian countries represent a complex set of democratic and authoritarian regimes.