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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... constitutional reform process that had begun with the return to democratic rule in the early 1990s . The new constitution is of interest because its final passage was so clearly influenced by the crisis and the political and ...
... constitutional reform were the kamnan , the selec- tion of whom was partly controlled by the powerful and centralizing interior minister . Under the new constitution , they would have to stand for election and would thus be excluded ...
... Constitutional Drafting Assembly ( CDA ) , 92 constitutional reform Indonesia , 116 Thailand , 92n , 92-94 , 100 , 125 , 230 Coordinating Agency for Strategic Industries ( Malaysia ) , 32 corporate accountability , 103 , 103t , 139 ...
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BusinessGovernment Relations and Economic Vulnerability | 15 |
Tables | 16 |
4 The concentration of private economic power | 22 |
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