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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... rule , it is worth asking to what extent these uncertainties were correlated with the type of political regime . One purported advantage of authoritarian rule is the capacity for deci- sive action . In the past , Suharto had responded ...
... rule was interrupted by a year and a half of military rule ( February 1991 to September 1992 ) , the introduction of democratic politics meant fundamental changes in the relationship among business , politicians , and regulators ...
... rule without any noticeable change in their economic performance , while in the Philippines economic performance improved markedly with the fall of Marcos and the transition to democratic rule . For every high - growth authoritarian ...
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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