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. |
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... UMNO . At the time of its foundation , the UMNO was dominated at the grass roots by rural teachers ; in 1981 , a full decade after the NEP , school teachers still accounted for 41 percent of delegates to the UMNO's General Assembly ...
... UMNO politics . The UMNO had long exercised dominance within the party system . Internally , the party leadership exerted its power over the party machinery through its control of nominations , appoint- ments , and campaign financing ...
... UMNO corruption had also been an issue ( see tables 3.5 and 3.6 ) . Moreover , underneath the aggregates were some trends that called the UMNO's dominance into question . The National Front as a whole lost 13 seats , but the UMNO lost ...
Sommario
Acknowledgments | 1 |
BusinessGovernment Relations and Economic Vulnerability | 15 |
The Government | 24 |
Copyright | |
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