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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... coalition , the prime minister was vulnera- ble to policy blackmail by coalition partners threatening to defect in pur- suit of better deals in another alliance configuration . In September 1996 , Banharn's government collapsed after ...
... coalition , thus enlarging his political base ( see table 3.2 ) . The basic problem , as always in Thailand's fragmented party system , was that to bring Chart Pattana into the coalition not only meant compro- mises with politicians of ...
... coalition enjoyed the cushion of a number of safe constituencies , so many in fact that they could lose more than half of the popular vote and still retain not only a legislative majority but also the supermajority ( two - thirds ) ...
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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