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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... important , the policy measures sent an important political signal that Suharto was prepared to impose costs , even on crony and family busi- nesses . went so far as to file lawsuits against the minister 66 THE POLITICAL ECONOMY OF THE ...
... important not to make a simple but important error : to discount the longer - term consequences of legal and regulatory changes spawned by the crisis that will take some time , perhaps a decade , to have effects at the level of the firm ...
... important ways an important condition for reform already noted in chapters 1-3 . New social contracts were more likely from governments less beholden to business interests and conserva- tive social groups and more attentive to broader ...
Sommario
BusinessGovernment Relations and Economic Vulnerability | 15 |
Tables | 16 |
4 The concentration of private economic power | 22 |
Copyright | |
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