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- W2148507890 abstract "This paper examines the impact of the global financial crisis on Southeast Asia, focusing especially on the policy responses of the various governments. In spite of seeing OECD asset markets crumble and financial credit freeze, Southeast Asia was slow to fully mobilize to reduce the impact of the crisis. Monetary policy-makers did rise to the challenge, but the tools of fiscal expenditure were slow to be used. The impact of fiscal policy is likely to be too late to properly help in the current crisis, supporting domestic demand and mitigating the impact on the poor. This crisis provides the opportunity to review policy, reviews that could lead to longer-term consultation on trade to increase the potential for future growth and poverty reduction. The discussion is on the larger, more populous and more globalized countries of Southeast Asia: Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. These countries have the resources to address the impact of the global economy through individual and collective actions and policies." @default.
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- W2148507890 date "2010-04-01" @default.
- W2148507890 modified "2023-10-18" @default.
- W2148507890 title "Southeast Asia´s Policy Response to the Global Economic Crisis" @default.
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- W2148507890 doi "https://doi.org/10.1355/ae27-1b" @default.
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