SARS versus the Asian financial crisis

Oliver H.M. Yau; W.F. Leung; Fanny S.L. Cheung; Cheris W.C. Chow

doi:10.1057/9780230590441_12

SARS versus the Asian financial crisis

Oliver H.M. Yau
, W.F. Leung
, Fanny S.L. Cheung
, Cheris W.C. Chow

Department of Marketing

Research output: Chapters, Conference Papers, Creative and Literary Works › RGC 12 - Chapter in an edited book (Author)

2 Citations (Scopus)

Abstract

The experience in Asia during the past few years has provided new perspectives on the effects of crises. Following the collapse of the Thailand stock market on 2 July 1997, most Asian economies have faced economic downturn. The slow recovery resulted in many companies having hard times, and struggling to even survive. Another crisis occurred in Asia following the outbreak of severe acute respiratory syndrome (SARS) in southern China during late 2002 and early 2003. The SARS crisis spread to many other Asian economies and even Canada, where the previously unknown disease killed a number of people. During the outbreak of SARS, the economic perspective was very pessimistic and many industries, especially tourism and retail, were hurt seriously. However, SARS was under control in May 2003, and since then the recovery of the economies has been very strong, even beyond the expectations of most economists and marketers. © 2007, Oliver H.M. Yau, W.F. Leung, Fanny S.L. Cheung and Cheris W.C. Chow.

Original language	English
Title of host publication	Harmony Versus Conflict in Asian Business
Subtitle of host publication	Managing in a Turbulent Era
Editors	Oliver H.M. Yau, Raymond P.M. Chow
Place of Publication	Basingstoke
Publisher	Palgrave Macmillan
Chapter	12
Pages	209-230
Edition	1
ISBN (Electronic)	978-0-230-59044-1
ISBN (Print)	978-0-230-54292-1, 978-1-349-36044-4
DOIs	https://doi.org/10.1057/9780230590441_12
Publication status	Published - 17 Oct 2007

Publication series

Name	Palgrave Macmillan Asian Business Series
ISSN (Print)	2661-8435
ISSN (Electronic)	2661-8443

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 3 Good Health and Well-being
SDG 10 Reduced Inequalities

Research Keywords

Financial Crisis
Gross Domestic Product
Real Gross Domestic Product
Severe Acute Respiratory Syndrome

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10.1057/9780230590441_12

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SARS versus the Asian financial crisis. / Yau, Oliver H.M.; Leung, W.F.; Cheung, Fanny S.L. et al.
Harmony Versus Conflict in Asian Business: Managing in a Turbulent Era. ed. / Oliver H.M. Yau; Raymond P.M. Chow. 1. ed. Basingstoke: Palgrave Macmillan, 2007. p. 209-230 (Palgrave Macmillan Asian Business Series).

Research output: Chapters, Conference Papers, Creative and Literary Works › RGC 12 - Chapter in an edited book (Author)

TY - CHAP

T1 - SARS versus the Asian financial crisis

AU - Yau, Oliver H.M.

AU - Leung, W.F.

AU - Cheung, Fanny S.L.

AU - Chow, Cheris W.C.

PY - 2007/10/17

Y1 - 2007/10/17

N2 - The experience in Asia during the past few years has provided new perspectives on the effects of crises. Following the collapse of the Thailand stock market on 2 July 1997, most Asian economies have faced economic downturn. The slow recovery resulted in many companies having hard times, and struggling to even survive. Another crisis occurred in Asia following the outbreak of severe acute respiratory syndrome (SARS) in southern China during late 2002 and early 2003. The SARS crisis spread to many other Asian economies and even Canada, where the previously unknown disease killed a number of people. During the outbreak of SARS, the economic perspective was very pessimistic and many industries, especially tourism and retail, were hurt seriously. However, SARS was under control in May 2003, and since then the recovery of the economies has been very strong, even beyond the expectations of most economists and marketers. © 2007, Oliver H.M. Yau, W.F. Leung, Fanny S.L. Cheung and Cheris W.C. Chow.

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KW - Financial Crisis

KW - Gross Domestic Product

KW - Real Gross Domestic Product

KW - Severe Acute Respiratory Syndrome

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M3 - RGC 12 - Chapter in an edited book (Author)

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SN - 978-1-349-36044-4

T3 - Palgrave Macmillan Asian Business Series

SP - 209

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BT - Harmony Versus Conflict in Asian Business

A2 - Yau, Oliver H.M.

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PB - Palgrave Macmillan

CY - Basingstoke

ER -

SARS versus the Asian financial crisis

Abstract

Publication series

UN SDGs

Research Keywords

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