The Political Economy of the Asian Financial CrisisStephan Haggard, Professor in the Graduate School of International Relations and Pacific Studies Stephan Haggard Institute 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. The volume... provides an excellent overview of both the theories and facts of the crisis. Strongly recommended for academic collections, lower-division undergraduate through research. |
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Pagina 21
The crisis only underlined that governments in the region did not have good
information on those vulnerable to crises , and the coverage in place was limited
in both scope and depth . Although many were adversely affected by the crisis ...
The crisis only underlined that governments in the region did not have good
information on those vulnerable to crises , and the coverage in place was limited
in both scope and depth . Although many were adversely affected by the crisis ...
Pagina 24
the fact that ethnic Chinese account for a small share of the population and a
large share of wealth makes them more , not less , politically vulnerable . In
general , however , economic concentration implies that private actors can bring
...
the fact that ethnic Chinese account for a small share of the population and a
large share of wealth makes them more , not less , politically vulnerable . In
general , however , economic concentration implies that private actors can bring
...
Pagina 47
When countries enter a zone of vulnerability or when crises break , markets are
highly sensitive to indications that the ... effects of three factors that might be
considered political early warning indicators for countries vulnerable to crisis (
table 2 .
When countries enter a zone of vulnerability or when crises break , markets are
highly sensitive to indications that the ... effects of three factors that might be
considered political early warning indicators for countries vulnerable to crisis (
table 2 .
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Sommario
Acknowledgments | 19 |
BusinessGovernment Relations and Economic Vulnerability | 21 |
Incumbent Governments and the Politics of Crisis Management | 47 |
Copyright | |
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administrative Asia Asian assets August billion business-government relations capital central bank changes chapter close coalition companies constitutional continued contributed controls corporate corruption costs countries crises crisis debt democratic Development direct early economic effects efforts elections electoral exchange extent faced fact firms forces foreign funds government's greater groups growth important increase Indonesia industrial initial institutions interest investment involved ISBN issues June Kim Dae KLSE labor legislative less liberalization limited loans Mahathir major Malaysia March ment minister nature November October opposition particularly party percent political president pressures problems question reform region regulation response restructuring result risk role rule sector September share social South Korea strategy strong substantial Suharto Table Thai Thailand tion Trade United urban vulnerable weak workers World