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
Risultati 1-3 di 58
... less , rather than more corrupt since the first half of the 1980s . Moreover , corruption in these countries is less virulent than in Latin America , Africa , or the Soviet successor states . By the Trans- parency International data ...
... less severe than in the other countries in the region , and in Taiwan there is little basis for considering it a crisis at all . Why ? This appendix retraces the steps of earlier chapters , albeit in much condensed form . First , it is ...
... less than secondary schooling bore the brunt of employment losses ( Moon , Lee , and Yoo 1999 ) . In contrast to Indonesia , the fall in income in South Korea was most serious for the poorest 20 percent ( -23.7 percent versus -2.5 for ...
Sommario
BusinessGovernment Relations and Economic Vulnerability | 15 |
Tables | 16 |
4 The concentration of private economic power | 22 |
Copyright | |
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