Hong Kong, Singapore and the East Asian Crisis: How Important were Trade Spillovers? Ramkishen S. Rajan and Rahul Sen The literature on the East Asian crisis has concentrated almost exclusively on the five crisishit economies of Indonesia, Korea, Malaysia, Thailand and the Philippines (Asia-5). Relatively scant attention has been paid to Hong Kong and Singapore, both of which also suffered from...

This paper examines Generalised Purchasing Power Parity (G-PPP) across three regions whose constituent countries are closely linked economically and have been affected by a financial crisis. G-PPP is particularly appropriate when interdependence is high and this is examined using the Johansen multivariate cointegration procedure. The extent of convergence towards G-PPP is assessed in the preand...

Why have South Africa and the U.S. adopted and maintained different foreign policy stances towards the crisis in Zimbabwe? This question is of particular importance due to the political, economic, and humanitarian implications of the Zimbabwean situation since 2000, the regional impact of the crisis, and the recent potential for positive developments under the newly established Zimbabwean unity...

the asia-pacific region generates over half of global economic activity (54.2%) and about 43.7% of global trade, and is the most dynamic region in the global economy. at the core of this is an increasingly dynamic, vibrant and entrepreneurial small-medium sized enterprise sector. advances in information and communications technology, market liberalisation and moves towards closer regional econo...

The Asia-Pacific region generates over half of global economic activity (54.2%) and about 43.7% of global trade, and is the most dynamic region in the global economy. At the core of this is an increasingly dynamic, vibrant and entrepreneurial small-medium sized enterprise sector. Advances in information and communications technology, market liberalisation and moves towards closer regional econo...

this paper tries to survey irans regional labor market disequilibrium within 1996-2000. according to the results there has been an increase in the amount of disequilibrium of irans national as well as regional labor markets. incomplete labor market information on vacant job opportunities in different regions of the country along with high costs of migration have been the major causes of unemplo...

Brain trauma is accompanied by regional alterations of brain metabolism, reduction in metabolic rates and possible energy crisis. We hypothesize that microdialysis markers of energy crisis are present during the critical period of intensive care despite the absence of brain ischemia. In all, 19 brain injury patients (mean GCS 6) underwent combined positron emission tomography (PET) for metaboli...