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. |
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... electoral challenges , in the form of demonstrations , strikes , or riots , can also weaken the ability of incumbent governments to make difficult decisions.2 Moreover , the prospect that a political challenge - again , either electoral ...
... electoral appeal , and it gradually swung back toward a more moderate line in the 1990s that resonated with a wider ... electoral districting and a highly disproportionate electoral system.24 The ruling coalition enjoyed the cushion of a ...
... electoral system that bore surprising similarity to Thailand's . Electoral rules created strong incentives for candidates to pursue personal vote strategies that were heavily dependent on campaign contributions and thus on busi- ness ...
Sommario
BusinessGovernment Relations and Economic Vulnerability | 15 |
Tables | 16 |
4 The concentration of private economic power | 22 |
Copyright | |
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