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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... project , controlled by one of Suharto's sons . There is now a consensus that some elements of the early reform pack ... projects of dubious economic rationality , but all of them involved relatives or close cronies ( Soesastro and Basri ...
... Projects initiated directly by the government and state - owned enter- prises always pose dilemmas for governments ; the temptation to use budgetary resources to support them during times of distress is high . The Proton national car ...
... projects . Less than 10 percent of all project money had been allocated by April 1999 , in part because of concerns on the part of the Democrat Party that the projects would be diverted to political uses and corruption ( Bangkok Post ...
Sommario
BusinessGovernment Relations and Economic Vulnerability | 15 |
Tables | 16 |
4 The concentration of private economic power | 22 |
Copyright | |
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