Economic Openness and Financial Integration in Asia

In Hungarian news I could read and hear a lot about the Asian economies which were over the global crisis because they were not so integrated into the world economy but we did not get answer how world economy integration was measured. Therefore, first of all, I had to search for indexes wherewith the world economy integration can be measured. I will use the foreign trade openness index, the international financial integration index and the gross equity index to determine the level of their world economic integration. Maybe the result will not be convincing enough and I will not be able to say that they have a low world integration level, and this is. why the global crisis not serious was. Therefore I will look up their action programs which were made against the negative effect of the global crisis as well; and I will also analyze the Asian crisis, because I suppose that after that crisis Asian countries were in really economy boom which helped their (successful) crisis management. So the aim of my paper is to show that economic openness and integration is not responsible for the deepening of the crisis, and with social centered economic programs it is conquerable.