Discussion on the rebound of some Asian emerging economies after the global financial crisis in 2008

Abstract

The 2008 global financial crisis (GFC) was considered as the largest and sharpest crisis in recent 60 years as it had profound impacts on most economies in the world. Asian emerging economies were also seriously affected by the crisis. However they did in fact initiate their recovery sooner, faster and more strongly than advanced countries, then returning to high growth rates more quickly. This research analyses the impacts of GFC on some Asian Emerging Economies and the rebound of these countries after the GFC, as well as discusses the reasons for the rebound. Some main reasons indicated in the paper include the resilient financial system and sound monetary and fiscal policies and increase in investment and domestic demand.

Keywords

• financial crisis
• emerging economies
• crisis vulnerability
• recovery