Asia-Pacific economies after the global financial crisis

Lessons learned and the way forward

image of Asia-Pacific economies after the global financial crisis
This publication is to understand why countries in the Asia and Pacific region were significantly less affected by the global financial crisis than the world’s most advanced economies of Europe and the United States, and what are the main lessons from their experience for building resilience from future crises. The majority of the essays collected in this volume are revised and updated versions of papers presented by experts from the region at a conference organized by the Economic and Social Commission of Asia and the Pacific in Manila in September 2011.



Pacific Islands developing economies

The Pacific island countries are small developing economies, the challenges of which are well documented. Such challenges are similar in many ways, but also varied as these countries are different in terms of population size, land area, culture and natural resources. Although the Pacific island countries were not directly or immediately affected by the global financial crisis of 2008-2009, they took precautions to cushion any potentially adverse effects. Isolated and small, the Pacific island countries developed strong economic ties with the outside world, particularly in sectors such as tourism and fisheries. In addition, the Pacific island countries have maintained strong links with their diaspora communities in Australia, New Zealand and the West Coast of the United States, whose remittances came as an unexpected but welcome support during the crisis years.


This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error