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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... labor and the promise of political as well as economic compensation allowed the government to bring representatives from both labor federations ( FKTU and KCTU ) to the table.12 Government - labor relations on social issues turned more ...
Stephan Haggard. Moreover , remaining labor market rigidities could act as a deterrent to foreign investment across a range of sectors . To secure labor agreement to greater labor market flexibility , Kim Dae Jung resorted to a mechanism ...
... labor will play ; a variety of patterns are possible . Where union organization is relatively concentrated , governments may draw labor into broader tripartite discussions , as in South Korea . However , South Korea is likely to be an ...
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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