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

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Satoshi Inomata
Edward Elgar, 2011 - Political Science - 212 pages
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.

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Impact of the global economic crisis on employment in
International trade and real transmission channels of financial
Vertical specialization at the time of economic crisis

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About the author (2011)

Edited by Satoshi Inomata, Project Director, International Input-Output Project and Director, Microeconomic Analysis Group, Development Studies Center, IDE-JETRO, Japan

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