The 2008–2009 Global Financial Fallout
Shanghai and Dubai as Emerging Financial Powerhouses
Bibliographic Data
| ID | 6040461 |
|---|---|
| Authors | Gordon C K Cheung (0000-0001-7964-2564, Durham University, corresponding author) |
| Year | 2010 |
| Volume | 2 |
| Issue | 1 |
| Pages | 77-93 |
| Publication date | 2010-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Asian Politics & Policy (JOURNAL) |
| Journal identifiers | ISSN: 1943-0787 • E-ISSN: 1943-0779 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1943-0787.2009.01168.x |
| OpenAlex | W1996887125 |
| Language | EN |
| Citations received | 2 |
| References cited | 18 |
The global financial crisis of 2008–2009 tested the U.S. financial leadership, while at the same time it sent a beam of hope to many emerging countries in finding ways to shoulder the global financial leadership. The major idea behind this article is to demonstrate and critically assess the possibility of emerging economies reshaping the future financial system. I use Shanghai and Dubai to discern the meaning of a government‐supported international financial center project. This article first assesses the challenge of the current financial turmoil in relation to financial globalization. Second, I illustrate the efforts of Shanghai and Dubai—both before and after the financial crisis—in the establishment of an international financial center with a view of the challenges facing the current financial system. Finally, I endeavor to draw some parallels/differences of the responses or measures taken by the countries that were affected by the financial crisis in Asia in 1997 to examine the possibility and shortcomings of government‐backed financial policy in connection with the global financial architecture
Business · Economics · Financial analysis · Financial crisis · Financial Integration · Financial market · Financial system · Geography of finance · Global financial system · Globalization · Government (linguistics · International finance · Management · Market economy · Parallels · Strategic financial management · Strategic planning · Banking stability, regulation, efficiency · Global Financial Crisis and Policies · State Capitalism and Financial Governance · Finance
Global political economy
The Political Economy of International Relations
Globalization and History
Scale and Scope
Regional Advantage
China's Eleventh Five-Year Plan (2006-2010)
Hegemonic Instability and East Asia
Policy-making and Political Supervision in Shanghai's Financial Industry
Dubai
Merchants’ role in a changing society
A New Approach for Determining Exchange-Rate Level Preferences
Territory, Authority, Rights
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,13 |
| Citation span | 2010 - 2014 (5) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |