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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... regimes lacked : The system of government enjoyed support even if incumbents did not , and elections could bring new reformist governments to office . In Indonesia , this could occur only through a change of regime , which - however ...
... regime , and the property rights associated with it , were at stake . It is no accident that the authoritarian regime facing the most extensive political challenges , and ultimately undergoing the most wide - ranging political change ...
... regime , eroding both the government's and Golkar's hold on the country . The economic crisis and reaction against the political and economic abuses of the old regime unleashed a wave of armed secessionism , social violence of various ...
Sommario
BusinessGovernment Relations and Economic Vulnerability | 15 |
Tables | 16 |
4 The concentration of private economic power | 22 |
Copyright | |
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