Directory
(index to all
of Pollard's web pages)
| 2008 economic crisis in Asia |
| Asian economic crisis affects global economy |
| Responses by China, other Asian governments, G-20 |
If we passed the tipping point into a new wave of globalization during 1997 - 2008, alternative futures of globalization may be marked by greater economic uncertainty and also by increasingly effective assertiveness from Asian and European governments. How these shifts affect the flow and direction of transborder cultural diffusion and transnational civil society organizations also will be instructive. Other questions are also suggested by these ongoing transformations.
Below are citations and links to recent reports from a variety of sources. They illustrate or generalize from ongoing changes in a globalized and globalizing Asia. For articles in The New York Times, you will first have to register. (It's free). But if you wait too long, access to some of these articles may no longer be free!
• Bobby Tuazon," The U.S. Financial Crisis and the Philippines' Economic Debacle," CenPeg Issue Analysis: Policy Study, Publication and Advocacy (PSPA), No. 14 (Series of 2008), 29 September 2008.
• "Understanding the Economic Crisis: University of Chicago Faculty Provide Their Perspectives," News Office [The University of Chicago], 3 October 2008; with updates.
• Madeleine Bunting, "A crisis sparked by the world's rich will have the poor paying the highest price: Our worries about jobs or pensions pale beside the fallout Africa and Asia now face in this absurdly skewed global system," The Guardian, online edition, 20 October 2008.
• Gabriela Baczynska and Gernot Heller [dateline: Beijing], "China, EU see severe economic shock," Reuters, 24 October 2008.
• The Associated Press [dateline: Hong Kong], "World Markets Slide Further: Japan's Nikkei Hits 26-year Low," Fox News, 27 October 2008.
• V. Bruce J. Tolentino, "Taking the Long View in Asia as the U.S. Financial Crisis Unfolds," In Asia; Weekly Insight and Features from Asia [The Asia Foundation], 28 October 2008.]
• Martin Fackler [dateline: Tokyo], "Bank of Japan Cuts Key Interest Rate and Lowers Growth Forecast to Zero," The New York Times, online edition, 1 November 2008.
• Nouriel Roubini, "The Rising Risk of a Hard Landing in China: The Two Engines of Global Growth-U.S. and China -are Now Stalling. A Debate," The Asia-Pacific Journal: Japan Focus Japan Focus Newsletter, no. 45.2008 (10 November 2008).
• Kamal Raj Sigdel [Asia Pacific Leadership Program Fellow, East-West Center], "US financial crisis affects South Asia," Ka Leo O Hawai‘i, 13 November 2008, online edition.
• Edward Wong [dateline: Chang'an, China], "Factories Shut, China Workers Are Suffering," The New York Times, online edition, 14 November 2008.
• Ian Ransom [dateline: Beijing] (edited by Ken Wills and Valerie Lee), "Rioters attack government office in northwest China," Reuters 17 November 2008.
• Keith Bradsher [dateline: Guanzhou, China], "Facing a Slowdown, China's Auto Industry Presses for a Bailout from Beijing," The New York Times, online edition, 19 November 2008.
• Bettina Wassener, "Asian Banks, Once Thought Safe From Crisis, Are Now Hurting," The New York Times, online edition, 19 November 2008.
• Michael Bristow [dateline: Beijing], "China fears grow over job losses: Beijing says its employment outlook is 'grim,' amid concerns of increasing social unrest caused by economic problems," BBC News, 20 November 2008.
• "Global slowdown has bigger impact on China economy, vice premier says," People's Daily Online, 24 November 2008.
• David Barboza [dateline: Ma'anshan, China], "A Global Downturn Puts the Brakes on China's Industry," The New York Times, online edition, 26 November 2008.
• Jane Perlez [dateline: Islamabad, Pakistan], "Monetary Fund Approves $7.6 Billion Loan to Pakistan, The New York Times, online edition, 26 November 2008.
• People's Daily Staff, "President Hu: China's economic development faces challenges," People's Daily Online, 30 November 2008.
• Kelly Olsen [dateline: Seoul] with Shin Yuasa [Tokyo], Asian markets mixed on outlook for China, US," Associated Press, in Yahoo! News, 1 December 2008.
• British Broadcasting Corporation, "Soaring yen unsettles G7 leaders," BBC News, 27 October 2008.
• Taro ASO, "Getting out and about to take stock of realities," Aso Cabinet E-mail Magazine, No. 6 (13 November 2008). In the last three paragraphs of his newsletter, Prime Minister Aso asserts the relevance of Japan's experience for the current global economic crisis.
• Kaneko Masaru and Andrew DeWit, "Subprime
Learning: Positive and Negative lessons of the Japanese Bubble for
Americans," The Asia-Pacific Journal: Japan Focus, no. 48.2008
(1 December 2008).
• The Associated Press [dateline: Shanghai], "China boosts export tax rebates on toys, textiles," International Herald Tribune, online edition, 21 October 2008.
• Jim Yardley and Keith Bradsher [dateline: Beijing], "China, an Engine of Growth, Faces a Global Slump," The New York Times, online edition, 23 October 2008.
• Keith Bradsher [dateline: Shenzhen, China], "In China, Steps to Ease Mortgages as Real Estate Loses Its Sizzle," The New York Times, online edition, 24 October 2008.
• Jeremy Kahn [dateline: New Delhi], "Tight Credit Curbs Growth in India," The New York Times, online edition, 24 October 2008.
• Jim Yardley [dateline: Beijing], "European and Asian Leaders Call for Unity in Facing Economic Crisis," The New York Times, online edition, 25 October 2008.
• R. Taggart Murphy, "Asia and the Meltdown of American Finance," The Asia-Pacific Journal: Japan Focus, no 43.2008 (27 October 2008); a substantially expanded version of an article that appeared in The Brief. Magazine of the British Chamber of Commerce Thailand, October 2008, pp. 30-33.
• Keith Bradsher, "Leaders of Europe and Asia Call for Joint Economic Action," The New York Times, online edition, 26 October 2008.
• The Associated Press [Sydney, Australia], "Murdoch:
China, India will reshape the world," The Honolulu Advertiser, 2
November 2008, online edition.
• David Barboza, "China
Unveils Sweeping Plan for Economy," The New York Times, online
edition, 9 November 2008.
• Joe McDonald [dateline: Beijing], "China
stimulus plan fuels hopes for new investment," Associated
Press, 10 November 2008.
• Véronique Salze-Lozac'h, "In
Cambodia: Senators Want to Learn How to Swim," In Asia: Weekly
Insight and Features from Asia [The Asia Foundation], 12 November
2008.
• Kamal Raj Sigdel [Asia Pacific Leadership Program Fellow,
East-West Center], "Global
economic restructuring: A new Bretton Woods?" Ka Leo O
Hawai‘i, 13 November 2008, p. 4; online edition.
• Jennifer Loven [dateline: Washington, D.C.], "Econ Summit
Vows Action — Takes Few Concrete Steps," Associated Press, in
ABC News, 15 November 2008.
• David Barboza [dateline: Shanghai], "China's
President Cites Threat of Global Slowdown," The New York Times,
online edition, 1 December 2008.
• John B. Judis, "Debt Man Walking:
The US, China, Japan and the Foundations for a New Bretton Woods,
The Asia-Pacific Journal: Japan Focus, vol. 47-5-08 (20 November
2008); also appearing in The New Republic, 3 December 2008.
• Martin Fackler [dateline: Tokyo], "Japan
Tries to Ease a Crisis in Corporate Credit With Emergency Lending,"
The New York Times, online edition, 3 December 2008.
• Xinhua [literally, "New China" {The PRC's official government
news agency}], China,
US start strategic economic dialogue, Shanghai Daily, online
English edition, 4 December 2008.
• Development Executive Group Editor, "IMF, World Bank & IFI
Round-Up," The Global Development Briefing [The Development
Executive Group {Washington, D.C.}], 4 December 2008.
• Keith Bradsher [dateline: Hong Kong], "China
Shuns Investments in West's Finance Sector," The New York
Times, online edition, 4 December 2008.
• The Associated Press, "India
Plans to Spend Additional $4 Billion," The New York Times,
online edition, 8 December 2008.
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