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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... administrative office ) and from business ( by prohibiting senators from being the beneficiary of government contracts , by requiring full disclosure of assets , and by requiring cabinet ministers to resign their parliamen- tary seats ) ...
... administrative capacity ( Park 1999 , 205 ) . Minimum benefits are low : 70 percent of the minimum wage , which is ... administrative experience in providing a social safety net . However , the problems of devising social policy are not ...
... administrative capacity ; they also involve avoiding problems of capture of the regulatory process , particularly with respect to the core agencies for financial regulation and the oversight of monopolistic and collusive practices . The ...
Sommario
Acknowledgments | 1 |
BusinessGovernment Relations and Economic Vulnerability | 15 |
The Government | 24 |
Copyright | |
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