© 2011 – Routledge
The 1997 Asian Crisis and 9/11 were turning points for the world economy. The two events reminded the Western World of the dynamic impacts of globalisation and the increased uncertainty the world was facing.
This book examines the threats to the world economy arising in the wake of the tragedy of 11th September 2001 and the preceding Asian financial crisis of 1997. The author makes the point that a distinctive ‘1990s-type’ global capitalist system was the victim of these attacks, so that an appreciation of the peculiarities of this system is essential to an examination of the specific threats that it is likely to face in future and the policy measures necessary to deal with them.
As an international relations specialist working for a Japanese trade organization both in Britain and Japan itself, the author has a somewhat uniquely privileged vantage point from which to observe, analyze and evaluate the future tendencies and dangers of the new global system. The book cuts across economics and politics and as such will be of use to a wide audience within both of these disciplines.
Preface. Introduction: A Theme in the Aftermath of the Events of September 11th Part 1: The Strength of the World Economy and the New Crises Introduction: Nature of Global Crises 1. Case Study: Recovery from the Aftermath of the ‘IT Boom’ Collapse and the '9/11’ Shock 2. The Situation in Japan and the UK 3. The Nature of Costs post 9/11 Terrorist Attacks Part 2: Asia, the Recovery from the Currency Crisis Introduction: Is the Next Asian Currency Crisis Coming? 4. Currency Crisis in the Asia Pacific Region 5. The Asian Markets 6. Markets in the Pacific Part 3: Japan Recovering from the Bubble Burst Introduction: Was the ‘Lost Decade’ after the ‘Bubble’ Truly Lost? 7. The UK’s Policies Regarding Trade and Investment with Japan 8. The UK Government’s Perception of the Japanese Economy 9. The Consequences of the Problems 10. UK Success in trade with Japan 11. The Japanese Economy Headed for Recovery Part 4: The Lessons and the Future Introduction: The Structural Flaws of Post-Cold War Globalism 12. Lessons to be Learnt 13. From Now On