Asia Beyond the Global Economic Crisis: The Transmission Mechanism of Financial Shocks

The characteristic feature of the recent global economic crisis is the speed and extent of the shock transmission. The development of cross-national production networks in recent years has significantly deepened the economic interdependency between countries, and a shock that occurs in one region can be swiftly and extensively transmitted to the rest of the globe. The sudden contraction of world trade and output is a negative outcome of this intertwined global economic system. Based on the method known as international input-output analyses, this book provides a detailed examination of the mechanics of shock transmission by probing the labyrinth of complex supply networks among nations.Written for experts and non-experts alike, this book will be a valuable read for academics and students interested in global supply chains as well as researchers from private companies or consulting agencies who consider post-crisis Asia as a significant target market. Government policymakers and specialists in international organizations will also find this book of value for designing a grand scheme for economic coordination and cooperation.Contributors include: H. Escaith, F. Gonguet, K. Hayakawa, S. Inomata, I. Kuroiwa, H. Kuwamori, B. Meng, N. Okamoto, P.A. Petri, H. Sato, Y. Uchida