UNICEF Social Inclusion, Policy and Budgeting

Assessing the Impacts of and Response to the 1997-98 Asian Financial Crisis through a Child Rights Lens

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AUTHOR Nicola Jones and Hannah Marsden
ORGANIZATION UNICEF
TYPE Working Paper
DATE 2010
TOPIC Economic crisis and recovery
LANGUAGE English
ABSTRACT

The 'miracle' of East Asiand economic growth was brought to a standstill when the Asian financial crisis hit in 1997, unleashing a range of economic, political and social consequences across the region and exposing this transformation as fragile and unstable. This working paper examine the macro-micro impacts of the 1990s crisis in order to assesst he impact pathways through which macroeconomic shocks affected children, youth and caregivers, and the extent to which different packages of economic and social policy responses mitigated the negative impacts on child well-being. If focuses on four countries most affected by the crisis: Indonesia, South Korea, Malaysia and Thailand.


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