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. |
¨Ò¡´éÒ¹ã¹Ë¹Ñ§Ê×Í
¼Å¡Òäé¹ËÒ 6 - 10 ¨Ò¡ 59
˹éÒ 9
... Chapter 1 sets the stage by looking at the nature of business-government relations in the most seriously affected countries. Close interaction between the public and private sectors is a hallmark of the region, and a feature of ...
... Chapter 1 sets the stage by looking at the nature of business-government relations in the most seriously affected countries. Close interaction between the public and private sectors is a hallmark of the region, and a feature of ...
˹éÒ 10
... Chapter 2 outlines the responses of the governments that were incumbent when the crisis struck—Kim Young Sam in South Korea, Chavalit in Thailand, Mahathir in Malaysia, and Suharto in Indonesia. Political uncertainty was implicated in ...
... Chapter 2 outlines the responses of the governments that were incumbent when the crisis struck—Kim Young Sam in South Korea, Chavalit in Thailand, Mahathir in Malaysia, and Suharto in Indonesia. Political uncertainty was implicated in ...
˹éÒ 11
... Chapter 3 turns to the political consequences of the crisis and the reform efforts of ''successor'' governments. In the two democracies—South Korea and Thailand—new reform-oriented governments came into office. Kim Dae Jung was able to ...
... Chapter 3 turns to the political consequences of the crisis and the reform efforts of ''successor'' governments. In the two democracies—South Korea and Thailand—new reform-oriented governments came into office. Kim Dae Jung was able to ...
˹éÒ 12
... chapters 4 and 5 examine the two issues that will define the nature of the region's development model in the future: the restructuring of the financial and corporate sectors and the redefinition of the social contract. A central feature ...
... chapters 4 and 5 examine the two issues that will define the nature of the region's development model in the future: the restructuring of the financial and corporate sectors and the redefinition of the social contract. A central feature ...
˹éÒ 13
... (chapter 5)? In the past, Asian governments generally relied heavily on growth to resolve social welfare questions. They invested in human capital (with Thailand a partial exception), but limited formal social insurance. This approach ...
... (chapter 5)? In the past, Asian governments generally relied heavily on growth to resolve social welfare questions. They invested in human capital (with Thailand a partial exception), but limited formal social insurance. This approach ...
à¹×éÍËÒ
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 |
©ºÑºÍ×è¹æ - ´Ù·Ñé§ËÁ´
¤ÓáÅÐÇÅÕ·Õ辺ºèÍÂ
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