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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... strong yen , deregulation was followed by a rush of facility investments in a number of key industries , including steel , petrochemicals , semiconductors , and most controversially autos.1 18 As in the past , the rapid growth of ...
... Strong presidential system with majority in lower ( but not upper ) house Not significant Strong presidential system Reduction of cronyism under Aquino and Ramos , although all parties dependent on business Increasing concerns of crony ...
... strong regulatory framework . Nonetheless , changes in the business - government relationship have eroded regulators ' independence at the margin ; the costs of this erosion were real , but buf- fered by the strong external position 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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