Weathering the Storm

Know about the book -

Weathering the Storm is written by Peter Boomgaard and published by Institute of Southeast Asian Studies. It's available with International Standard Book Number or ISBN identification 9812300805 (ISBN 10) and 9789812300805 (ISBN 13).

The principal cause of the 1930s depression in Southeast Asia lay outside the region through a sharp contraction in demand for the regions major commodity exports. But it had important internal causes too: an oversupply of primary commodities and an increasing scarcity of new agricultural land leading to higher rents and lower wages, rising indebtedness and increasing landlessness. This work thoroughly analyses the pre-war depression. It also looks at the changes in the basic structures of the economies of Southeast Asia that were of long-term importance, such as the role of the state in the economy. The authors also draw similarities and contrasts between the 1930s depression and the 1990s Asian crisis.