• Summary
  • Contents
  • Subject index

Managing Across Cultures introduces the concepts, policies and practices of managing resources in different socio-economic, political and cultural contexts.

This book is structured on a country-by-country basis to allow a closer and more rigorous examination of the factors that influence labor market trends, organization and employment policies and practices in specific countries.

Key Features:

Includes dedicated chapters on emerging economies in Asia, Africa, the Middle East, and Latin America; Provides an understanding of the theoretical underpinnings and the practical implications of different national approaches to management in a clear and coherent style; Packed with case studies and examples from a wide range of geographical contexts; Learning features include: learning objectives, tasks, summaries, further reading and revision questions

This is a key text for Cross-Cultural/International Management, International HRM and International ...

Part III Case Study: The 1997 Asian Financial Crisis
Part III Case study: The 1997 asian financial crisis
Introduction

Between the 1970s and the 1990s, most of the South-east Asian countries were transformed into industrialized nations internationally recognized for their high-quality products and efficient services. However, by the end of 1997 that much-admired economic success turned into an economic nightmare for all the Asian countries. Within less than a year, from the end of 1996 to the autumn of 1997, the Thai currency exchange rate dropped by 42.8 per cent against the US dollar, the South Korean dropped by 50.7 per cent, the Malaysian by 33.6 per cent and the Singaporean by 16.3 per cent. Within a few months the Asian financial and banking system collapsed, inflation ...

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