TAILIEUCHUNG - Global financial crisis and responses from the GMS countries

This article will discuss the impacts of the global financial crisis on the GMS economies and their policy responses. Although the economic prospective of the GMS depends heavily on the recovery of the global economy, proper policy measures implemented by the governments in the sub-region will contribute a large part to stabilize the market and restore growth. | VNU Journal of Science, Economics and Business 25, No. 5E (2009) 29-40 Global Financial crisis and responses from the GMS countries Dr. Nguyen Manh Hung** Institute of World Economics and Politics, 176 Thai Ha, Dong Da, Hanoi, Vietnam Received 5 April 2009 Abstract. The recent period has witnessed the remarkable achievements of the Greater Mekong Sub-region (GMS) countries in their economic development and integration which occurred not only at the sub-regional but also at the global level. Nonetheless, the outbreak of the global financial crisis, the fluctuation of oil, food, and other commodity prices, and the slowdown of the industrialized economies in 2008 and the early 2009 has brought about one of the most difficult challenges to the GMS economies since the Asian financial crisis of 1997 - 1998. This article will discuss the impacts of the global financial crisis on the GMS economies and their policy responses. Although the economic prospective of the GMS depends heavily on the recovery of the global economy, proper policy measures implemented by the governments in the sub-region will contribute a large part to stabilize the market and restore growth. 1. Introduction* heavily on the recovery of the global economy, proper policy measures implemented by the governments in the sub-region will contribute a large part to stabilize the market and restore growth. The recent period has witnessed remarkable achievements of the Greater Mekong Subregion (GMS) countries in their economic development and integration which occurred not only at the sub-regional but also at the global level. Nonetheless, the outbreak of the global financial crisis, the fluctuation of oil, food, and other commodity prices, and the slowdown of the industrialized economies in 2008 and the early 2009 has brought about one of the most difficult challenges to the GMS economies since the Asian financial crisis of 1997 - 1998. This article will discuss the impacts of the global financial crisis

• Tài chính doanh nghiệp
• Economics and business
• Global financial crisis
• Global financial crisis
• Greater Mekong Sub region
• The GMS economies
• Business economics
• Lecture Business economics
• Business applications of economics
• Open economy
• Competitive markets
• Economic Models
• Principles of economics
• Economics of agriculture
• Monopolistic competition
• Macroeconomic policy
• Supply curve
• Elasticity of demand
• Consumer choice
• Competitive firms
• Imperfect competition
• Gross domestic product
• Financial intermediaries
• Productivity growth
• Natural rate of unemployment
• Labor force
• Money supply