The following assignment deals with the question of whether the Latin American Dept Crisis and the Asian Financial Crisis are comparable to each other in terms of their influence on GDP growth. Thereby, particular attention will be paid to the dates the crises occurred in those regions.
The Latin American region is represented by Argentina, Brazil and Mexico. The Asian region is represented by The Republic of Korea, Malaysia and Thailand.
In a first step, the difference between a Dept Crisis and a Financial Crisis will be worked out, before the GDP growth rate will be defined in a second step. The main part of the assignment is an empirical analysis of the GDP growth rates during the years 1970 – 2000.
Inhaltsverzeichnis (Table of Contents)
- Growth and Crises
- Dept Crisis
- External Dept Crisis
- Domestic Dept Crisis
- Financial Crisis
- Empirical Analysis of GDP Growth Rates
- Latin American Countries
- Asian Countries
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This assignment examines the comparability of the Latin American Debt Crisis and the Asian Financial Crisis in terms of their impact on GDP growth. The analysis focuses on the specific timing of these crises in both regions, using Argentina, Brazil, and Mexico to represent Latin America, and South Korea, Malaysia, and Thailand to represent Asia. The assignment first defines key terms like Debt Crisis and Financial Crisis, and then proceeds to analyze GDP growth rates during the period of 1970-2000.
- The nature and impact of debt crises versus financial crises on GDP growth.
- Comparative analysis of GDP growth trends in Latin America and Asia during the periods of the crises.
- The role of domestic and external debt in economic crises.
- The timing and duration of the impacts of debt and financial crises on GDP growth.
- The influence of initial economic conditions on the potential for economic growth.
Zusammenfassung der Kapitel (Chapter Summaries)
The assignment begins by defining the terms "Dept Crisis" and "Financial Crisis," differentiating between domestic and external debt crises. The analysis then delves into the empirical data, examining GDP growth rates for the six countries between 1970 and 1999. The analysis highlights the differences in GDP growth rates between Latin American and Asian countries, attributing the disparity to the initial economic conditions of each region. The assignment then breaks down the GDP growth rates for each decade, revealing how both regions experienced distinct economic trends during the 1970s, 1980s, and 1990s. The focus then shifts to the Latin American Debt Crisis, showcasing the effects of this crisis on GDP growth rates in Argentina, Brazil, and Mexico. Finally, the analysis turns to the Asian Financial Crisis, examining the impact of this crisis on South Korea, Malaysia, and Thailand. The assignment concludes by confirming the findings of Reinhart and Rogoff (2009) regarding the contraction and subsequent recovery of GDP in the aftermath of both the Latin American Debt Crisis and the Asian Financial Crisis.
Schlüsselwörter (Keywords)
The main keywords and focus topics of this assignment include: Debt Crisis, Financial Crisis, Latin American Debt Crisis, Asian Financial Crisis, GDP growth, Domestic Debt, External Debt, Currency Crisis, Banking Crisis, Empirical Analysis, Penn World Table, GDP per capita, and economic crises.
- Arbeit zitieren
- Tobias Kleinmann (Autor:in), 2011, Growth and Crises, München, GRIN Verlag, https://www.grin.com/document/189341
