Professor to Discuss Impact of Asia's Financial Crisis

Dec. 2, 1998

Dr. Joseph McKinney, professor of economics, will present a speech titled "Asia's Economic Crisis: A First Hand Look" at 4 p.m. Thursday in the Cowden Room on the third floor of the Bill Daniel Student Center as part of the Baylor University Council for International Education's "All the News That's Fit to Discuss" lecture series.

McKinney will summarize the causes and consequences of the financial crisis that has plagued Asia, particularly in the Southwest region of the continent.

"Several countries have had a collapse of their currency systems and stock market failures which have led to a recession and unemployment," McKinney said. "Students need to be aware of the crisis because an important part of the world has been affected."

McKinney said that the crisis may have "spillover effects" on the American economy.

"Our export sales to Asian nations have dropped, and our imports have increased because the countries are trying to export themselves out of recession," McKinney said.

McKinney's lecture is the last presentation in this semester's Council for International Education lecture series. This is McKinney's second time to participate in the annual series which he believes is beneficial to students.

The purpose of the lecture series is "to generate discussion among students and faculty about current events around the world," said Dr. Blake Burleson, religion lecturer and speaker in the series.

For more information, contact McKinney at 710-6141.

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