The financial crisis from a different point of view
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The financial crisis from a different point of view
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This is a slidecast, my first, about my point of view on the crisis an it's influence on the asian economy. This was made for a school-assignment given during my 2nd year business management- finances and insurances at Artevelde Hogeschool, Belgium.
Transcript of The financial crisis from a different point of view
The financial crisis from a different point of view
Table of content
Relevance Asia: pre crisis Lehman’s failure
Consequences Recovery Solutions Opinions
Why?
Why?
Asia39%
Africa4%
Northern America23%
Latin America8%
Europe26%
Oceania1%
GDP by region
21,504,497,000,000 $
Asia
Bastion of economic stability High growth rates Large trade surpluses Banks: no doubtful investments
Lehman’s failiure
Global credit shock Reduced export Stock markets plummeted Currencies weakened
Asia not as decoupled from the west as rumored
Past recovery
More rapid recovery Western investers
98 crisis: USA boosted asia Today: /
Crisis made Asia the economic giant as we know it
Recovery growing economies
Growing domestic markets Boosting Home demand Emerging middle class▪ Next decade: +800million people
Sweeping government spending plans China: Ambitious plans India: credit issues
Recovery mature regions
Japan +Domestic companies▪ telecom, health care,…
- Export driven sector ▪ Electronics, consumer goods,...
Solutions
Boost home demand Improve business’ & bank’s
resilencies Strengthen & organize local financial
markets
Solution
Boost demand from home Population: end consumer Intraregional trade & investments▪ Association of Southeast Asian Nations
(Asean) tries to liberalize regional trade More credit options for the emerging
consumer class
solutions
Improve business’ & bank’s resiliences Dynamic provisioning▪ Financial reserves for rainy days▪ Reserves to invest in booming times
Solutions
Strengthen & organize local financial markets
Asian IMF? Atm: too ambitious Future: worthy option
Dominic Barton:”Asia isn’t the source of the crisis but could point the way to its long-term resolution.”
Thanks for listening
sources
The World Factbook 2005, CIA, USA. Dominic Barton;
Asia’s future and the financial crisis;The McKinsey Quarterly
The all-knowing internet Several other articles
Music The last waltz
Programs Powerpoint Audacity
None of the used images or music compositions are mine. Nor do I claim to own any of the rights.
