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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... authoritarian governments were no more immune to appeals from privileged segments of business than their democratic coun- terparts , and arguably were less so . Political challenges to authoritarian leaders made it even more imperative ...
... authoritarian leaders to deliver material rewards to their followers . However , the greatest challenge crises pose has to do with the problem of coercion . As crises generate political opposition and social protest , authoritarian ...
... authoritarian governments that served to dampen social demands . A number of commentaries have emphasized the " shared " nature of East Asia's growth or emphasized the fact that high growth itself served to limit political pressures for ...
Sommario
BusinessGovernment Relations and Economic Vulnerability | 15 |
Tables | 16 |
4 The concentration of private economic power | 22 |
Copyright | |
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