The Political Economy of the Asian Financial CrisisColumbia University Press, 1 µ.¤. 2010 - 304 ˹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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˹éÒ viii
... Corporate Restructuring The Political Economy of Financial Reform The Political Economy of Corporate Restructuring Liberalizing Foreign Investment Conclusion 5 The Social Fallout: Safety Nets and Recrafting the Social Contract The ...
... Corporate Restructuring The Political Economy of Financial Reform The Political Economy of Corporate Restructuring Liberalizing Foreign Investment Conclusion 5 The Social Fallout: Safety Nets and Recrafting the Social Contract The ...
˹éÒ ix
... corporate restructuring, South Korea Popular vote share of the National Front, Malaysia, 1969-99 Election results in Malaysia, 1995 and 1999 Election results in peninsular Malaysia by state, 1995 and 1999 Major social violence in ...
... corporate restructuring, South Korea Popular vote share of the National Front, Malaysia, 1969-99 Election results in Malaysia, 1995 and 1999 Election results in peninsular Malaysia by state, 1995 and 1999 Major social violence in ...
˹éÒ xii
... corporate restructuring, and recrafting the social contract. Financial and corporate restructuring proved difficult as banks and firms sought to shift losses onto the government. Some governments, notably South Korea, moved swiftly to ...
... corporate restructuring, and recrafting the social contract. Financial and corporate restructuring proved difficult as banks and firms sought to shift losses onto the government. Some governments, notably South Korea, moved swiftly to ...
˹éÒ xviii
... corporate restructuring, but takes no responsibility for the views expressed here. 1 Introduction: The Political Economy of the Asian Financial Crisis. xviii 2 THE POLITICAL ECONOMY OF THE ASIAN FINANCIAL CRISIS 1. Institute for ...
... corporate restructuring, but takes no responsibility for the views expressed here. 1 Introduction: The Political Economy of the Asian Financial Crisis. xviii 2 THE POLITICAL ECONOMY OF THE ASIAN FINANCIAL CRISIS 1. Institute for ...
˹éÒ 2
... business interests (chapter 3). The crisis generated pressures for financial and corporate restructuring, but the process faced substantial political resistance and the reform movement appears to have slowed. However, longer-run ...
... business interests (chapter 3). The crisis generated pressures for financial and corporate restructuring, but the process faced substantial political resistance and the reform movement appears to have slowed. However, longer-run ...
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1 | |
15 | |
Ch
2 Incumbent Governments and the Politics of Crisis Management | 47 |
Ch 3 Crisis Political Change and Economic Reform | 86 |
Ch 4 The Politics of Financial and Corporate Restructuring | 139 |
Safety Nets and Recrafting the Social Contract | 183 |
A New Asian Miracle | 217 |
References | 239 |
Index | 255 |
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administrative Anwar Asia ASIAN FINANCIAL CRISIS assets authoritarian banking sector bankruptcy billion bumiputra business-government relations capital central bank chaebol chapter Chinese Chuan CLOB coalition controls corporate governance corporate restructuring corruption countries country’s crises CRISIS MANAGEMENT Danaharta debt democracies democratic Development Eastern Economic Review ECONOMIC REFORM effects efforts elections electoral finance companies financial and corporate financial institutions financial sector firms fiscal foreign funds Golkar government’s groups growth Habibie Hanbo IBRA important incentives increase INCUMBENT GOVERNMENTS Indonesia industrial initial interest investment investors issues Jomo Kim Dae Jung Kim Young Kim Young Sam labor legislative liberalization Mahathir Malaysia ment moral hazard National opposition particularly party percent Philippines POLITICAL CHANGE POLITICAL ECONOMY president private sector problems recapitalization region regulatory Renong ringgit risk role rule share social contract South Korea state-owned strategy substantial Suharto Table Thai Thailand tion transparency UMNO urban vulnerable World Bank