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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... workers in the private sector and self- employed professionals . But the program covered only 6 million workers and its benefits were limited to sickness , childbirth , death , and disability benefits ; it did not provide unemployment ...
... workers returned to their home countries between January and August 1998 , and this almost certainly underestimates the number returning : Approximately 80 percent of con- struction workers were migrants , and employment in this sector ...
... workers and direct transfers are minimal . Only 1 poor household in 10 receives a government transfer , and they ... workers from small and medium - sized firms . On the other hand , the high degree of concentration had resulted in ...
Sommario
Acknowledgments | 1 |
BusinessGovernment Relations and Economic Vulnerability | 15 |
The Government | 24 |
Copyright | |
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