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Social Consequences of the Financial Crisis in Asia

Author

Listed:
  • Knowles, J.C.
  • Pernia, E.M., Racelis, M.

Abstract

This paper assesses the social impact of the Asian Financial crisis, drawing on the results of studies in six countries, namely, Indonesia, Republic of Korea, Lao People's Democratic Republic, Malaysia, Philippines, and Thailand. The impacts appear to be less than were anticipated early in the crisis. However, it seems to early to draw conclusions about the eventual social consequences.

Suggested Citation

  • Knowles, J.C. & Pernia, E.M., Racelis, M., 1999. "Social Consequences of the Financial Crisis in Asia," Papers 60, Asian Development Bank.
    • Handle: RePEc:fth:asdbed:60
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    Citations

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    Cited by:

    1. Datt, Gaurav & Hoogeveen, Hans, 2003. "El Nino or El Peso? Crisis, Poverty and Income Distribution in the Philippines," World Development, Elsevier, vol. 31(7), pages 1103-1124, July.
    2. Hasan Vergil & Fuat Sekmen & Haşmet Gökirmak & Sukru Apaydin, 2022. "2008 financial crisis and income distribution in Turkey," Quality & Quantity: International Journal of Methodology, Springer, vol. 56(4), pages 2627-2643, August.
    3. Asian Development Bank Institute, 2015. "Asian Development Outlook 2015 Financing Asia’s Future Growth," Working Papers id:6666, eSocialSciences.
    4. Mohseni-Cheraghlou, Amin, 2016. "The Aftermath of Financial Crises: A Look on Human and Social Wellbeing," World Development, Elsevier, vol. 87(C), pages 88-106.
    5. M. Manacorda & F.C. Rosati, 2008. "Industrial structure and child labour. Evidence from Brazil," UCW Working Paper 44, Understanding Children's Work (UCW Programme).
    6. AfDB AfDB, . "Gender, Poverty and Environmental Indicators on African Countries 2012," Gender, Poverty and Environmental Indicators on African Countries, African Development Bank, number 385.
    7. Koseleci, Nihan. & Rosati, Furio C., 2009. "Child labour and the global financial crisis an issues paper," ILO Working Papers 994556893402676, International Labour Organization.
    8. World Bank, 2003. "Out-of-School Children and Youth in the Philippines : Issues and Opportunities," World Bank Publications - Reports 14406, The World Bank Group.
    9. Kim, Yun-Hwan, 2001. "The Asian crisis, private sector saving, and policy implications," Journal of Asian Economics, Elsevier, vol. 12(3), pages 331-351.
    10. Nicola Jones & Hannah Marsden, 2010. "Assessing the Impacts of and Response to the 1997-98 Asian Financial Crisis through a Child Rights Lens," Working papers 1002, UNICEF,Division of Policy and Strategy.
    11. Mustafizur Rahman & Khondaker Golam Moazzem & Syed Saifuddin Hossain, 2009. "Impact of the Global Economic Crisis on the Employment and Labour Market of Bangladesh A Preliminary Assessment," Labor Economics Working Papers 22303, East Asian Bureau of Economic Research.
    12. Tutnjevic, Tamara., 2002. "Gender and financial/economic downturns," ILO Working Papers 993565753402676, International Labour Organization.
    13. Wannaphong Durongkaveroj, 2018. "BOOK REVIEW: “Global Inequality: A New Approach for the Age of Globalization”," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 63(03), pages 793-797, June.
    14. repec:ilo:ilowps:356575 is not listed on IDEAS
    15. Giovanni Andrea Cornia & Tony Addison & Sampsa Kiiski, 2003. "Income Distribution Changes and their Impact in the Post-World War II Period," WIDER Working Paper Series DP2003-28, World Institute for Development Economic Research (UNU-WIDER).
    16. Yu. Sereda, 2015. "Role of social capital in the formation of attitudes to market economy in Ukraine," Economy and Forecasting, Valeriy Heyets, issue 2, pages 72-89.
    17. Sam Wong, 2011. "From Economic Meltdown to Social Crunch – Impact of the Global Economic Recession on Social Capital Building in Developing Countries and What We still Don't Know!," Working Papers id:4398, eSocialSciences.
    18. Guido Sandleris & Mark L. J. Wright, 2014. "The Costs of Financial Crises: Resource Misallocation, Productivity, and Welfare in the 2001 Argentine Crisis," Scandinavian Journal of Economics, Wiley Blackwell, vol. 116(1), pages 87-127, January.
    19. Dina Chhorn, 2021. "Financial development, poverty, and human development in the Fintech age: a regional analysis of the Southeast Asian states," Post-Print hal-03572473, HAL.
    20. Thomas Roca & Hélène Ferrer, 2016. "Resilience to crisis through social protection: Can we build the case?," WIDER Working Paper Series 096, World Institute for Development Economic Research (UNU-WIDER).
    21. Botetzagias, Iosif & Tsagkari, Marouko & Malesios, Chrisovaladis, 2018. "Is the ‘Troika’ Bad for the Environment? An Analysis of EU Countries' Environmental Performance in Times of Economic Downturn and Austerity Memoranda," Ecological Economics, Elsevier, vol. 150(C), pages 34-51.
    22. Daniel Béland & Alex Jingwei He & M Ramesh, 2022. "COVID-19, crisis responses, and public policies: from the persistence of inequalities to the importance of policy design [The impact of COVID-19 on gender equality]," Policy and Society, Darryl S. Jarvis and M. Ramesh, vol. 41(2), pages 187-198.
    23. Daniel L. Chen, 2010. "Club Goods and Group Identity: Evidence from Islamic Resurgence during the Indonesian Financial Crisis," Journal of Political Economy, University of Chicago Press, vol. 118(2), pages 300-354, April.
    24. Zurawicki, Leon & Braidot, Nestor, 2005. "Consumers during crisis: responses from the middle class in Argentina," Journal of Business Research, Elsevier, vol. 58(8), pages 1100-1109, August.
    25. Hopkins, Sandra, 2006. "Economic stability and health status: Evidence from East Asia before and after the 1990s economic crisis," Health Policy, Elsevier, vol. 75(3), pages 347-357, February.

    More about this item

    Keywords

    MONETARY CRISIS ; ASIA ; SOCIAL WELFARE;
    All these keywords.

    JEL classification:

    • F30 - International Economics - - International Finance - - - General
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • D60 - Microeconomics - - Welfare Economics - - - General
    • I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General

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