La conjoncture économique dans la région Asie-Pacifique après la crise des subprime
[The economic tendency in the Asia-Pacific area after the subprime crisis]
This article offers elements to assess the effects of the world economic crisis in the Asia-Pacific region. The mechanisms and development of the subprime crisis are briefly recalled in order to examine how far they reach in the area. Examining the situation of the area’s economies, with a distinction between developed economies, emerging countries and developing economies highlights how the transmission of the crisis grows with the level of development. Being vulnerable due to their important dependency on revenues from outside (tourism, raw materials export, private transfers, aid…) the Pacific small developing economies have been indirectly affected by the crisis. Indeed the world economic crisis has increased the economic difficulties which the governments and populations of the Pacific already had to face when the oil and food prices rose, which seriously undermined them. Focus is laid on the three French Pacific territories. As they have hardly integrated international exchanges and rely mainly on transfers from the metropolis, their characteristics have somehow protected them from the crisis. The macroeconomic indicators of the Pacific industrialising countries are rather favourably-oriented yet the slowdown of economic growth has further weakened the most vulnerable populations.
|Date of creation:||Aug 2010|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Ravallion, Martin, 2008.
"Bailing out the world's poorest,"
Policy Research Working Paper Series
4763, The World Bank.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:23123. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter)
If references are entirely missing, you can add them using this form.