Impact of Asia's financial crisis on Cambodia and the Lao PDR.(includes related article on social impact of East Asian financial crisis)(Lao People's ... Laos): An article from: Finance & Development
Book Details
PublisherInternational Monetary Fund
ISBN / ASINB00098ZLMK
ISBN-13978B00098ZLM7
AvailabilityAvailable for download now
Sales Rank13,504,912
MarketplaceUnited States 🇺🇸
Description
This digital document is an article from Finance & Development, published by International Monetary Fund on September 1, 1999. The length of the article is 2661 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: The profound effect and ramifications of the East Asian financial crisis have received inordinate media attention yet its impact on the smaller market economies in the region, such as the Lao People's Democratic Republic (Lao PDR) and Cambodia, has largely been ignored. Cambodia and Lao PDR are East Asia's poorest nations. Social indicators in these market economies are poor and poverty rates are high. Their vulnerability to the serious external shocks brought on by the Asian financial turbulence had been mounting in the period leading up to the crisis. The experience of these two countries underscore the importance of sound macroeconomic management. While both are taking steps to address underlying structural problems in their economies, they will have to initiate more efforts if they wish to return to the more rapid expansion of the period prior to the Asian crisis.
Citation Details
Title: Impact of Asia's financial crisis on Cambodia and the Lao PDR.(includes related article on social impact of East Asian financial crisis)(Lao People's Democratic Republic, formerly called Laos)
Author: Ngozi Okonjo-Iweala
Publication:Finance & Development (Magazine/Journal)
Date: September 1, 1999
Publisher: International Monetary Fund
Volume: 36 Issue: 3 Page: 48(4)
Distributed by Thomson Gale
From the supplier: The profound effect and ramifications of the East Asian financial crisis have received inordinate media attention yet its impact on the smaller market economies in the region, such as the Lao People's Democratic Republic (Lao PDR) and Cambodia, has largely been ignored. Cambodia and Lao PDR are East Asia's poorest nations. Social indicators in these market economies are poor and poverty rates are high. Their vulnerability to the serious external shocks brought on by the Asian financial turbulence had been mounting in the period leading up to the crisis. The experience of these two countries underscore the importance of sound macroeconomic management. While both are taking steps to address underlying structural problems in their economies, they will have to initiate more efforts if they wish to return to the more rapid expansion of the period prior to the Asian crisis.
Citation Details
Title: Impact of Asia's financial crisis on Cambodia and the Lao PDR.(includes related article on social impact of East Asian financial crisis)(Lao People's Democratic Republic, formerly called Laos)
Author: Ngozi Okonjo-Iweala
Publication:Finance & Development (Magazine/Journal)
Date: September 1, 1999
Publisher: International Monetary Fund
Volume: 36 Issue: 3 Page: 48(4)
Distributed by Thomson Gale
