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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... appeared more deep - seated , as the party system generated yet another weak and unstable government that appeared cap- tured by business interests . As will be seen in chapter 3 , the Thai public also drew these connections between ...
... appeared inauspicious for a second set of rea- sons as well . Because of his long history as an opposition figure and his identification with the poor , Kim Dae Jung appeared to be a populist . Both the international financial ...
... appeared reluctant to undertake new social insur- ance commitments . When the crisis hit , Thailand had a social security system that provided benefits to workers in the private sector and self- employed professionals . But the program ...
Sommario
BusinessGovernment Relations and Economic Vulnerability | 15 |
Tables | 16 |
4 The concentration of private economic power | 22 |
Copyright | |
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