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Development

Background reading to expand your understanding of the daily business and economics news.
By Jon Fernquest
Asian Crisis 10 Years Later (Eichengreen, 18-06-07)

Asia is still at risk. A sharp drop in asset valuations that causes China’s investment boom to bust.

Ten Years After the Financial Crisis in Thailand: What Has Been Learned or Not Learned? (Chalongphob)

Political interference in financial institutions, leading to inappropriate or excessive lending, and lack of transparency in fiscal liabilities that could mislead macroeconomic management, legacies of the recent past.

An East Asian Renaissance: Ideas for Economic Growth (World Bank)

Thai exporters are increasing their reliance on regional markets in Asia and lessening reliance on the US market.

Foreign Capital and Economic Growth (Prasad, Rajan, Subramanian)

Difficulties in absorbing foreign capital, in financial systems allocating it to productive uses, and proneness to exchange rate appreciation, problems many developing countries face

Exchange rates are too important a price to leave to financial markets (Dani Roderick)

The costs of global capital flows: volatility, appreciation, or sterilisation

The 1997 Asian Financial Crisis 10 years later (Woodrow Wilson International Center for Scholars)

Re-examining what led to the 1997 crisis ten years later

Thammasat Economic Journal

Academic journal devoted to economics from Thammasat University in Bangkok.

Economic Freedom Index

A series of indicators measuring the level of freedom granted by the legal and economic system and the practical economic, finance, tax and currency policies in national economies.

Dani Rodrik's weblog

Blog by an influential and creative critical scholar of economic development and globalisation.

William Easterly on economic development (New York University)

The need for accountability in development work and the importance of hands-on work development work

Dani Rodrik on globalisation (Harvard University)

Vocal critic of economic globalisation.


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