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 59
... ( chapter 2 ) . □ Contrary to defenders of " Asian values , " nondemocratic governments had no apparent advantages over democratic ones in adjusting to the crisis , and a number of disadvantages . These included arbitrary actions on the ...
... chapter 4 on the Bank Bali scandal ) . At the same time , Habibie was also under pressure from a variety of political forces that sought to exploit the crisis to advance ethnic redistribu- tion ( Schwartz 1999 , 414-19 ) . The central ...
... chapter 3 that these risks were muted by parties and movements that advanced market - oriented reforms as well as social ones . But the review in this chapter suggests again that the risks are very much the opposite , namely the ...
Sommario
BusinessGovernment Relations and Economic Vulnerability | 15 |
Incumbent Governments and the Politics of Crisis Management | 47 |
Crisis Political Change and Economic Reform | 87 |
Copyright | |
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