Thanet Wattanakul 
(Khon Kaen University, Nong Khai Campus, Muang, Nong Khai, Thailand)

 

Abstract: This chapter aims to examine and describe the impact and response of Asian debt crisis and global imbalances particularly of emerging market economies. It is necessary to explain the related backgrounds to address the objective. These backgrounds consist of Asian debt crisis, current global imbalances situation and importance of emerging market driven economies. The content of impact and response of Asian debt crisis and global imbalances of emerging market economies will be also discussed. Furthermore, the effective policy implementation is suggested to tackle the problems. In addition, the perforation and role of regional economic integration especially in the ASEAN region as ASEAN Economic Community (AEC) will be included. This is possible instrument to develop the economic integration level of this region to be deep economic integration as single market to decrease the global economy imbalances and accelerate mutual benefits.

 

Key words: Asian economic crisis; global imbalances; emerging market economies

JEL codes: F31, F33, F36, F38