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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... urban areas , in comparison with 17 percent in rural areas ( Poppele , Sumarto , and Pritchett 1999 , 6 ) .7 Increases in poverty were also more marked in urban areas . When we look at the decline in median expendi- tures ( 5.0 for urban ...
... urban construction saw real wages fall 24 percent , and women in urban manufacturing also saw larger - than - average losses . In sharp contrast to Indonesia , the declines in both employment and welfare were heavily concentrated among ...
... urban workers has been severance pay . Under pressure from labor , the government extended the length of severance payments from 6 to 10 months , and launched a special program to provide free health care to laid - off workers and their ...
Sommario
BusinessGovernment Relations and Economic Vulnerability | 15 |
Tables | 16 |
4 The concentration of private economic power | 22 |
Copyright | |
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