The Political Economy of the Asian Financial CrisisInstitute for International Economics, 2000 - 272 หน้า 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. |
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... Renong became its main corporate instrument . Renong was one of the success stories of the Mahathir strategy of privatization . By the early 1990s , its well - connected bumiputra management had benefited from privatization and ...
... Renong should be directly or indirectly bailed out was the further question of whether Renong should be allowed to retain ownership of PLUS at all ( Jomo 1998b ) . The state - owned enterprise Bakun Hydro - Electric Corporation ( BHEC ) ...
... ( Renong , Ekran ) —the government had strong incentives to intervene to keep the projects afloat when they experi- enced distress . In some of the cases , this occurred by tapping various resources over which the executive had ...
เนื้อหา
Acknowledgments | 1 |
BusinessGovernment Relations and Economic Vulnerability | 15 |
The Government | 24 |
ลิขสิทธิ์ | |
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