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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... minister in anticipation of the UMNO General Assembly . In a series of speeches , Anwar raised the issue of " corruption , cronyism , and nepotism " in an increasingly pointed fashion , including before foreign audiences ( Economist ...
... Minister Tarrin supported the IMF's approach , at least in its broad outlines , but Supachai ( originally a deputy prime minister , minister of commerce , and senior economic cabinet mem- ber ) argued publicly that the government should ...
... minister , but also as home minister and finance minister , and provided him with the opportunity to appoint a close protégé who had headed the controversial privatization program to the position of central bank governor . Following ...
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BusinessGovernment Relations and Economic Vulnerability | 15 |
Tables | 16 |
4 The concentration of private economic power | 22 |
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