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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... pressures or the interests of particular firms . How did different types of governments - democracies , dictatorships , and varieties of each - fare in managing the crisis ? There can be little question that the two democracies - South ...
... pressures did not abate . The NAP's new program , published in early 1999 , emphasized help for the rural poor through decentralization and redistribution , and NGOs that had partici- pated in the constitutional debate continued to ...
... pressures on the government ultimately led to the dissolution of his corporatist experiment , the partisan ... pressure on suppliers and middlemen . This pressure had a political dimension . Private rice distribution was largely in the ...
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BusinessGovernment Relations and Economic Vulnerability | 15 |
Tables | 16 |
4 The concentration of private economic power | 22 |
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