The Political Economy of the Asian Financial Crisis

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Binding: Paperback Dewey Decimal Number: 332.095 EAN: 9780881322835 ISBN: 0881322830 Label: Institute for International Economics Manufacturer: Institute for International Economics Number Of Items: 1 Number Of Pages: 304 Publication Date: 2000-08 Publisher: Institute for International Economics Studio: Institute for International Economics
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Editorial Reviews: The Asian crisis sparked a thorough reappraisal of international financial norms, the policy prescriptions of the International Monetary Fund and the adequacy of the existing financial architecture. To draw proper conclusions from the crisis, however, it is necessary to understand its domestic politics. In this study, political scientist Stephen Haggard focuses on the most seriously affected countries - Indonesia, South Korea, Malaysia and Thailand - while also drawing lessons from those economies, such as Taiwan, that escaped severe distress. Haggard focuses on the political economy of the crisis, emphasizing the longer-run problems of moral hazard and corruption, the politics of crisis management and the political consequences of severe economic downturn. Looking forward, he focuses on two critical policy issues: changes in social safety nets in the crisis countries and efforts at corporate and financial restructuring.
Spotlight customer reviews: Customer Rating: Summary: Journalistic title from famous scholar Comment: Haggard has a good name in East Asia field. but this title disappointed me. it's not that scholarstic but journalistic. what are enumerated on his book is not new or insightful at all to asian specialist. if you have read articles on Asia from FT or Wall Street Journal, The Economist, You should know what I mean. at best this book is no more than enlarged The Economist. Customer Rating: Summary: Great Resource Comment: This is an excellent resource for both political economics and Asian studies students. Following currency devaluation through the creation of the crisis and its development across the intertwined economies of Southeast Asia. Making rational decisions about Asian markets requires in-depth knowledge of the first fall to avoid the repercussive aftershocks which will continue to follow. More Reviews