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The Australia-China Chamber of Commerce and Industry of
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This page will be used to provide short commentaries or longer papers (if any become available), as well as links to other Internet sites, concerning the impact of the global financial crisis on China and other East Asian economies, as well as on the world at large World Bank
Institute ‘Protectionism
a Threat to Global Recovery, Say Emerging Market Policymakers’, including links to a podcast and video, 6 April 2009. Permanent
URL for the page: http://go.worldbank.org/7VBCP5GXQ0. See also
‘Trade Protection: Incipient but Worrisome Trends’ by Elisa Gamberoni
and Richard Newfarmer, http://siteresources.worldbank.org/NEWS/Resources/Trade_Note_37.pdf China and the USA in crisis assistance to Latin America: ‘Deals Help China Expand Sway in Latin America’ in The New York Times 15 April 2009 http://www.nytimes.com/2009/04/16/world/16chinaloan.html?_r=1. ‘Obama Published Op-Ed in Advance of Summit of the Americas’ with text in English in The Washington Post, 16 April 2009: http://voices.washingtonpost.com/44/2009/04/16/obama_publishes_op-ed_in_advan.html?wprss=44. A full set of communiqués and final reports from the London Summit 2009 (the G-20 Meeting) can be obtained from the home page http://www.g20.org/index.aspx. Official photographs, including the reception hosted by Her Majesty the Queen and the dinner for heads of delegations, both on Wednesday 1 April, plus photographs of the meeting the following day can be obtained from: http://www.londonsummit.gov.uk/en/media-centre/media-library/photos/ Commentary on the future of the G-20 in The Australian: http://www.theaustralian.news.com.au/story/0,25197,25537556-7583,00.html A short evaluation of the causes of the crisis by David Hetherington of Per Capita, which, as stated in their homepage –http://www.percapita.org.au – is an independent progressive think tank dedicated to building a new vision for Australia, is entitled “Less Ideology, More Economics” and was made available on 3 April, 2009 by The Australian at: http://www.theaustralian.news.com.au/story/0,25197,25281576-7583,00.html A more extensive opinion in the form of a 7,700 word essay by Simon Johnson, a professor at MIT’s Sloan School of Management who was the chief economist at the International Monetary fund during 2007 and 2008, is to be published in the May issue of The Atlantic, but it is available online now. It is entitled: “The Quiet Coup”: http://www.theatlantic.com/doc/200905/imf-advice. Note that Hetherington and Johnson have quite different points of view, but bring out similar remedies for the crisis. A paper by
Professor Leong H. Liew entitled China and the
Global Financial Crisis analyses the impact of the
global financial crisis on An article
written by Mark Landler contains reference to a number of concerns expressed
as early as March 2005 of the possible consequences of the continuing debt
incurred by the Chinese Savings
Helped Inflate American Bubble Note also that the page containing this article also has links to previous articles exporting the causes of the financial crisis and a more recent one entitled: “Cracks in US-China Relations Are Widening Again in Crisis”. A recent
commentary on the state of the Chinese economy is available from East Asia Forum ( The Chamber would welcome comments on any of these articles, or similar ones, and is willing to publish those that are carefully considered and phrased. Send them to networks@accci.com.au
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