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
Risultati 1-3 di 66
... firm level ) ( 1993 ) ( 1987 ) ( 1990 ) Ownership 53.0 23.0 46.0 44.0 concentration in 10 largest firms ( 3 largest shareholders ) Share of total 67.5 38.1 58.8 56.6 outstanding shares owned by 5 largest shareholders ( unweighted ) ...
... firms and public enterprises that enjoyed greater bargaining power ; whereas 76 percent of workers in firms with 15,000 or more work- ers are unionized , only 0.9 percent are unionized in small firms with 10-29 workers . Moreover ...
... firms to be broken up or to change their ownership structure ; the Kim Dae Jung administration flirted with this strategy , and in cases where firms are in fact insolvent it is wholly justified . However , it is not clear that such a ...
Sommario
Acknowledgments | 1 |
BusinessGovernment Relations and Economic Vulnerability | 15 |
The Government | 24 |
Copyright | |
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