The Political Economy of the Asian Financial CrisisInstitute for International Economics, 2000 - 272 ˹éÒ 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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... Review , 18 May 2000 , 22 ) and Kim Dae Jung immediately reconfirmed his commitment to completing the reform pro- cess . If not a resounding victory for the president , the elections provide little evidence of backlash either . The ...
... reviews on bankruptcy cases , has now been associated with the refinancing of the business community rather than debt ... review process and the publicity surrounding it provided an opportunity for senators opposed to the bill to secure ...
... Review 33 , no . 1 : 67-104 . Graham , Edward M. 1998. Korea and the IMF : What Went Wrong During the First Weeks Following the Bailout ? Cambridge Review of International Affairs 11 , no . 2 ( Spring ) : 31-54 . Graham , Edward M. 2000 ...
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BusinessGovernment Relations and Economic Vulnerability | 15 |
Tables | 16 |
4 The concentration of private economic power | 22 |
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