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Southeast Asia's Credit Revolution

Southeast Asia's Credit Revolution
Author: Aditya Goenka
Publisher: Routledge
Total Pages: 233
Release: 2013-09-05
Genre: Social Science
ISBN: 113525558X

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Southeast Asia’s Credit Revolution describes and explains the rise of microfinance – the provision of credit and other financial services for the poor – in Southeast Asia, over the past four decades the most consistently successful region of the developing world. In recent years microfinance has come to be seen as a key weapon in the battle against global poverty, generating more enthusiasm and optimism than any other development strategy. Southeast Asia has a special place in the history of microfinance. Historically, Southeast Asian societies and economies were perceived as almost uniquely debt-ridden and credit-constrained. In the twentieth century, however, the region was in the forefront of the modern microfinance revolution. This book asks what factors have made it possible for formal microfinance institutions to replace moneylenders and other traditional credit providers. Bringing together economists, sociologists, anthropologists and historians, the book covers seven Southeast Asian countries. The topic is explored from cultural and institutional as well as economic perspectives, and policy-relevant lessons are offered for the design of successful microfinance institutions. Focusing on recent developments while putting them in historical context, this will be an important text for scholars and students of economic history, finance, institutional economics, and Asian Studies.


Credit and Debt in Indonesia, 860-1930

Credit and Debt in Indonesia, 860-1930
Author: David Henley
Publisher: Institute of Southeast Asian Studies
Total Pages: 215
Release: 2009
Genre: History
ISBN: 9812308466

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Credit and debt are practical concerns of all times and places. They are also increasingly important topics in economic history and the social sciences, from Marcel Mauss and the anthropology of the gift to the urgent quest for understanding of today's global credit crunch. This volume brings together eight essays on credit and debt in the history of Indonesia, where for centuries debt and debt bondage played central roles in the organization of society, and where efforts to combat 'usury' and free peasants from indebtedness were central to the ethical and nationalist movements of the late colonial period. Topics range from the inscriptions of ninth-century Java to the first global financial crisis in 1930, and from Islamic laws against the charging of interest to the role of Chinese temples and Dutch church charities as credit providers. The history of credit and debt in Indonesia is examined from a wide variety of perspectives - legal, institutional, and cultural as well as economic. Attention is paid to parallels and contrasts with more recent developments, including the Asian financial crisis of 1997 and Indonesia's rise to fame as a pioneer of the current global microfinance revolution.


Southeast Asia: The Long Road Ahead (2nd Edition)

Southeast Asia: The Long Road Ahead (2nd Edition)
Author: Chong Yah Lim
Publisher: World Scientific Publishing Company
Total Pages: 475
Release: 2004-02-04
Genre: Business & Economics
ISBN: 9813106220

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Latest Edition: Southeast Asia: The Long Road Ahead (3rd Edition) Southeast Asia is going through tremendous changes. The market-oriented economies of Brunei, Indonesia, Malaysia, the Philippines, Singapore and Thailand have been showing robust growth, particularly before the Asian financial crisis of 1997/98. The transitional economies of Cambodia, Laos, Myanmar and Vietnam are also exhibiting signs of economic awakening and revival after years of internal political and social turmoil. Despite these encouraging signs, the region still has a long road ahead to achieve developed nation status. Southeast Asia: The Long Road Ahead is a serious and concise study on various important economic aspects of Southeast Asia. Existing economic studies on the region are mainly topical in nature. Most of the publications only attempt to offer a partial treatment of the issues and fail to examine these issues in a holistic manner. The objective of this book is to provide a more complete cross-country discussion on the economic issues and problems facing Southeast Asia. Besides critically examining the multiple facets of changes and problems that have been and will be encountered by Southeast Asia, the book also presents a lucid exposition on the prospects of the region. However, it does not stop there. It moves on to provide pointers and suggestions on how Southeast Asian countries should proceed with their development options and processes. The book should be of interest to economists, graduate students on Southeast Asia and all those who want to have a better knowledge and understanding of the important Southeast Asian region.


Financing Southeast Asia's Economic Development

Financing Southeast Asia's Economic Development
Author: Nick J Freeman
Publisher: Institute of Southeast Asian Studies
Total Pages: 392
Release: 2003
Genre: Business & Economics
ISBN: 9789812301819

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This book examines the various policy options open to the ten countries of the region for improving and diversifying their financial resources. The Asian financial crisis exposed the vulnerabilities of Southeast Asia’s bank-based finance sector, and illustrated the pressing need to develop a more robust and multi-faceted financial infrastructure across the region. Looking ahead, sustained economic development in Southeast Asia will be constrained unless the region can embrace new sources of capital. Authored by experts in their respective fields, the chapters of this book examine such issues as the region’s current debt burden, the region’s banking sector since the 1997–98 crisis, micro-financing efforts in the region, new opportunities in project financing, developing venture capital capabilities, reviving foreign direct investment inflows, creating bond markets, developing the region’s lacklustre equity markets, and the potential benefits of financial integration.


Southeast Asia's Economic Crisis

Southeast Asia's Economic Crisis
Author: Heinz Wolfgang Arndt
Publisher: Institute of Southeast Asian Studies
Total Pages: 198
Release: 1999
Genre: Business & Economics
ISBN: 9789813055896

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Southeast Asia is suddenly in crisis, the largest country - Indonesia - deeply so. This volume, comprising a set of specially commissioned papers, examines the origins, lessons, and future path of the crisis. Why didn't economists foresee the sudden and catastrophic events of 1997-98? How can seemingly robust and vigorous economies fall so far, so swiftly? Do we, in consequence, need to change the way we view the world? Is there anything to salvage of the "East Asian miracle"? Is Southeast Asia about to experience its own version of the "lost decade", analogous to that which afflicted much of Africa and Latin America in the 1980s?


Underground Asia

Underground Asia
Author: Tim Harper
Publisher: Harvard University Press
Total Pages: 873
Release: 2021-01-12
Genre: History
ISBN: 0674250621

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An Economist Best Book of the Year A Financial Times Best Book of the Year A major historian tells the dramatic and untold story of the shadowy networks of revolutionaries across Asia who laid the foundations in the early twentieth century for the end of European imperialism on their continent. This is the epic tale of how modern Asia emerged out of conflict between imperial powers and a global network of revolutionaries in the turbulent early decades of the twentieth century. In 1900, European empires had not yet reached their territorial zenith. But a new generation of Asian radicals had already planted the seeds of their destruction. They gained new energy and recruits after the First World War and especially the Bolshevik Revolution, which sparked utopian visions of a free and communist world order led by the peoples of Asia. Aided by the new technologies of cheap printing presses and international travel, they built clandestine webs of resistance from imperial capitals to the front lines of insurgency that stretched from Calcutta and Bombay to Batavia, Hanoi, and Shanghai. Tim Harper takes us into the heart of this shadowy world by following the interconnected lives of the most remarkable of these Marxists, anarchists, and nationalists, including the Bengali radical M. N. Roy, the iconic Vietnamese leader Ho Chi Minh, and the enigmatic Indonesian communist Tan Malaka. He recreates the extraordinary milieu of stowaways, false identities, secret codes, cheap firearms, and conspiracies in which they worked. He shows how they fought with subterfuge, violence, and persuasion, all the while struggling to stay one step ahead of imperial authorities. Underground Asia shows for the first time how Asia’s national liberation movements crucially depended on global action. And it reveals how the consequences of the revolutionaries’ struggle, for better or worse, shape Asia’s destiny to this day. Previous praise for Tim Harper Praise for Forgotten Wars: “[A] compelling book.”—Philip Delves Broughton, Wall Street Journal “Lucid...majestic.”—Peter Preston, The Observer “Authoritative.”—Pankaj Mishra, New Yorker Praise for Forgotten Armies: “Panoramic... Vivid.”—Benjamin Schwarz, New York Times Book Review “A spectacular book.”—Martin Jacques, The Guardian


Southeast Asia beyond Crises and Traps

Southeast Asia beyond Crises and Traps
Author: Boo Teik Khoo
Publisher: Springer
Total Pages: 322
Release: 2017-09-18
Genre: Business & Economics
ISBN: 3319550381

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This book examines five countries in South East Asia that are instructive case studies of how the region has had to negotiate pathways of development beyond crises and traps. At two ends of just one decade, 1997–2007, Indonesia, Malaysia, the Philippines, Thailand and Vietnam all had to weather the shocks of an East Asian financial crisis and a global financial crisis. Some economies might have buckled completely under those shocks and been condemned to long-term stagnation. Yet these five economies, part of the larger Asian region, emerged with continued if slower economic growth. An important theme of this book is that their resilience has been partly derived from the pursuit of growth and competitiveness along less known or recommended pathways. The chapters of this book take a novel approach to South East Asia’s search for growth and improvement. They do not begin by evaluating how far macro-level performances would take a particular country towards high-income status. Instead they provide original insights into actual cases of intermediate ways of achieving growth, upgrading and income improvement in non-privileged sectors. Such cases may hold more relevant lessons for the majority of developing countries than the experiences of highly developed economies.


The New Rich in Asia

The New Rich in Asia
Author: David Goodman
Publisher: Routledge
Total Pages: 266
Release: 2013-09-13
Genre: Social Science
ISBN: 1136157034

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This is the first volume in the The New Rich in Asia series which examines the economic, social and political construction of the 'new rich' in the countries and territories of East and South East Asia, as well as their impact internationally. From a western perspective the rise of the emergent business and professional class may seem very familiar. However, it is far from clear that those newly enriched by the processes of modernization in East and South East Asia are readily comparable with the middle classes of the West. For example, civil and human rights seem to play a different role in social, political and economic change, and the State is clearly more central as an agent of economic development. This volume is the essential introduction to the series, and identifies the 'new rich' phenomenon in Indonesia, Thailand, Singapore, Malaysia, Korea, China, Hong Kong and Taiwan. The contributors demonstrate that the key to understanding the 'new rich' is to realise that they are neither a single category or class, but in each setting a series of different socio-political groups who have a common inheritance from the process of rapid economic growth.


Research Handbook on Asian Financial Law

Research Handbook on Asian Financial Law
Author: Douglas W. Arner
Publisher: Edward Elgar Publishing
Total Pages: 608
Release: 2020-01-31
Genre: Law
ISBN: 1788972201

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This comprehensive Research Handbook provides an in-depth analysis of the different financial law approaches, legal systems and trends throughout Asia. It considers how reforms following the crises have been critical for the development and growth of the region and explores a broad range of post-crisis financial regulatory issues. This timely book also examines how inconsistent and divergent approaches to financial market regulation are curtailing the region’s potential.