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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... limited formal social insurance . This approach had already come under pressure from a combination of political as well as economic changes - democratization , urbanization , aging , and increased openness to trade and investment . The ...
... limited the capacity of the govern- ment to implement the new regulatory regime ( Cole and Slade 1996 ; Hamilton - Hart 1999 ; Hill 1999 , 61-67 ) . However , there can be little doubt that politics also limited the ability of the ...
... limited to sickness , childbirth , death , and disability benefits ; it did not provide unemployment benefits ( Sauwalak and Intara- vitak 1998 ) . The strongest safety net for urban workers has been severance pay . Under pressure from ...
Sommario
BusinessGovernment Relations and Economic Vulnerability | 15 |
Tables | 16 |
4 The concentration of private economic power | 22 |
Copyright | |
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