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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... poor . For their own reasons , authoritarian governments in the region had incentives to pursue policies from which the poor benefited , even if that was not necessarily their initial design . Under democratic rule , however , the poor ...
... poor . During the crisis , the attentions of international financial institutions were very much focused on the needs of the structurally poor , but there is some question about whether their gradual departure will result in diminished ...
... poor wherever they can be counted on to vote ; the strong showing of Megawati in the Indonesian elections was based in no small measure on her implicit appeals to the urban disadvantaged.14 Finally , there is the relevance of social ...
Sommario
Acknowledgments | 1 |
BusinessGovernment Relations and Economic Vulnerability | 15 |
The Government | 24 |
Copyright | |
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