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 61
... private sector 46.2 45.5 48.9 51.9 53.5 55.4 61.0 as share of GDP South Korea GDP growth 9.2 5.0 5.8 8.6 9.0 7.1 5.5 Gross domestic investment 38.4 36.6 36.0 35.7 36.6 36.9 35.0 as share of GDP Bank credit to private sector 56.8 56.8 ...
... private sector , which saw little future in throwing its lot with opposition forces ; this was true not only for Malays but for important segments of the Chinese business class as well . The private sector's loss of confidence in the ...
... private sector and the fact that the cabinet itself was quite sharply divided over economic policy ( Pasuk and Baker 1998 ) . Finance Minister Tarrin supported the IMF's approach , at least in its broad outlines , but Supachai ...
Sommario
Acknowledgments | 1 |
BusinessGovernment Relations and Economic Vulnerability | 15 |
The Government | 24 |
Copyright | |
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