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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... issues of political and economic reform . Amien Rais ' National Mandate Party ( PAN ) was the party that emphasized most strongly issues of social justice and had close ties to the modernist Islamic Muhammidayah organization ; he also ...
... issues and conflicts Decisiveness of government in limiting liquidity support and guarantees to failing banks ; allocation of losses among government , shareholders , depositors , and bank workers Decisiveness of government and ...
... issues is likely to revolve around five central policy areas : the provision of social insurance , the reform of industrial relations and labor market issues , education , decentralization , and how to address persistent or structural ...
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BusinessGovernment Relations and Economic Vulnerability | 15 |
Tables | 16 |
4 The concentration of private economic power | 22 |
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