US Financial Crisis: South Korea – 1997 South East Asian Financial Crisis vs 2008 Financial Crisis
Code : ECC0039
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Region : US |
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Abstract: This case study intends to compare and contrast how South Korea was affected by the 1997 South East Asian Financial Crisis and the 2008 US Financial Crisis. Capturing very insightful observations from the comparison, this case study enables an interesting discussion on, which sectors (industries) of the South Korean economy were affected by 2008 US Financial Crisis in particular and how the economy as a whole fared and responded to the crises. Many argue, based on key and fundamental economic indicators, that the South Korean economy is well equipped to deal with any potential problematic situation amidst the crisis. This case study enables a debate on the efficacy of the few corrective and damage-controlling measures initiated by the government. |
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Pedagogical Objectives:
Keywords : US Financial Crisis, South East Asia, Asian Financial Crisis, 1997 Crisis, South Korea, Chaebols, Current Account Deficit, Fiscal Deficit, Economic Indicators
Contents :
» South Korean Economy
» South Korea: 1997 South East Asian Financial Crisis
» South Korea: Mildly Impacted by US Financial Crisis 2008?
» South Korea and US Financial Crisis 2008: Corrective Measures
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