The Political Economy of the Asian Financial CrisisInstitute for International Economics, 2000 - 272 pagine The Asian crisis has sparked a thoroughgoing reappraisal of current international financial norms, the policy prescriptions of the International Monetary Fund, and the adequacy of the existing financial architecture. To draw proper policy conclusions from the crisis, it is necessary to understand exactly what happened and why from both a political and an economic perspective. In this study, renowned political scientist Stephan Haggard examines the political aspects of the crisis in the countries most affected--Korea, Thailand, Malaysia, and Indonesia. Haggard focuses on the political economy of the crisis, emphasizing the longer-run problems of moral hazard and corruption, as well as the politics of crisis management and the political fallout that ensued. He looks at the degree to which each government has rewoven the social safety net and discusses corporate and financial restructuring and greater transparency in business-government relations. Professor Haggard provides a counterpoint to the analysis by examining why Singapore, Taiwan, and the Philippines escaped financial calamity. |
Dall'interno del libro
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... Mahathir's " war on the speculators " in the second half of 1997 , a series of self - fulfilling prophecies that soured foreign investors on the country . Mahathir's speech of 20 September 1997 to the joint annual meetings of the IMF ...
... Mahathir prevailed ; 105 division chiefs were returned without challenge , and only 12 incumbents were voted out . This vote should have signaled the power that Mahathir continued to hold over the party , but the fall of Suharto in May ...
... Mahathir argued that allegations of cronyism and nepotism were being used by foreigners to ensure the failure of the ... Mahathir . Following Anwar's exit , Mahathir announced that he would take over the Finance Ministry him- self , and ...
Sommario
Acknowledgments | 1 |
BusinessGovernment Relations and Economic Vulnerability | 15 |
The Government | 24 |
Copyright | |
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