Mexico during the Mexican Peso Crisis of 1994 to 1995 and Malaysia during the Asian Financial Crisis of 1997 to 1998. Sümer argues that economic explanations of financial crises fail to fully answer these questions since they do not pay enough attention to non-economic factors stemming from a county's political, societal, institutional and external contexts. The examination of the Mexico and Malaysia cases illustrates this argument and shows that multiple non-economic factors—domestic political, societal, institutional, psychological, and ideological factors as well as external influences and pressures—can play roles as significant as economic factors. Interplay of these non-economic factors with economic ones brought these financial crises and shaped the Mexican and the Malaysian governments' policy behaviors.
Title of Seminar: Non-economic factors and financial crisis
Speaker: Dr. Sumar Fahrettin, Chairman, Business Administration, American University of IRAQ
Venue: B-Building Auditorium
Date : 21/2/2019
Time : 3:30 p.m.
Organizer: Dr Mamta Singh, Chairperson of Business Administration
Short Bio of the Speaker
Dr. Sümer holds a Ph.D. in International Studies and two master's degrees in Political Science and Economics from University of South Carolina, USA. Dr. Sümer’s areas of expertise include economics, international political economy, international relations theory, foreign policy analysis, globalization and financial crises. He has presented numerous papers at professional conferences including the International Studies Association (ISA), ISA-South, and Southern Political Science Association. He won the 2002 Grand Prize of the ISA-South Paper Competition and the merit-based Governor John West Fellowship during his doctoral studies. Sümer has also published several academic articles and written op-eds for newspapers. In December 2011 he published a book, The Neglected Impact Of Non-Economic Factors On The Development Of Financial Crises And Governmental Responses: The Mexican And Malaysian Cases Of The 1990s.
A presentation followed by panel discussion on The Impact of Non-Economic Factors on Development of Financial Crisis
3:30 - Introduction of speaker by KRC Director
3:35 – Presentation by Dr. Sumar Fahrettin, Chairman, Business Administration, American University of Iraq
3:50 – The Moderator (Mr. Devendra Kumar) will coordinate with the panel and open the session for panelists (Dr. Fahrettin Sumer, Dr. Mamta Singh and Mr. Aram Kadir)
4:00 – The moderator will open the session for the audience questions.