Globalization and Localization: Economic Performance and the Housing Markets of the Asian Tigers since the Financial Crisis

From: Housing Finance International | Date: March 1, 2006| Author: Chiu, Rebecca L H | Copyright information

Introduction

The Asian financial crisis in 1997 and 1998 engendered a long spell of economic depression in the region. However, the depression was not uniform across the Asian tigers, namely, Singapore, Hong Kong, Taiwan, and South Korea. Similar divergence could also be found in the housing markets, which are important constituents in these economies. This paper examines these variations. Further, as the economic depression was triggered by the movements of global funds, this paper at...

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