Institute of Gender and Social Development, Tianjin Normal University and Fulbright Scholar-in-Residence Agnes Scott College
Note: this is the write-up of a presentation, which Lanyan Chen gave at an event, co-sponsored by the Heinrich Böll Foundation North America, the Center of Concern, and the Institute for Women’s Policy Research (IWPR) on April 22, 2009 on the gender implications of the global financial crisis.
According to Carmen Reinhart and Kenneth Rogoff (2009), there are similar features of the aftermath of the financial crisis in both advanced economies and emerging markets: asset market crisis in terms of the declines of real housing price as well as equity price; banking crisis which is also associated with declines in output and employment; increase of government spending or debt while tax revenues contract. While the authors include a number of emerging markets (Indonesia, Malaysia, Philippines), mainland China (thereafter, China) was not on the list. China does seem to be a different case, sharing less of the above features.
