Politics and Markets in the Wake of the Asian Crisis

Politics and Markets in the Wake of the Asian Crisis PDF

Author: Mark Beeson

Publisher: Routledge

Published: 2003-09-02

Total Pages: 392

ISBN-13: 1134599870

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The contributors to this book argue vigorously that processes of globalisation are driven by complex political forces and that it is not enough to look at economic factors in isolation.

The Politics of the Asian Economic Crisis

The Politics of the Asian Economic Crisis PDF

Author: T. J. Pempel

Publisher: Cornell University Press

Published: 2018-09-05

Total Pages: 304

ISBN-13: 1501729373

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In the summer of 1997, a tidal wave of economic problems swept across Asia. Currencies plummeted, banks failed, GNP stagnated, unemployment soared, and exports stalled. In short, the vaunted "Asian Economic Miracle" became the "Asian Economic Crisis"—with serious repercussions for nations and markets around the world. While the headlines are still fresh, a group of experts on the region presents the first account to focus on the political causes and implications of the crisis. The events of 1997–98 involved not just property values, financial flows, portfolio makeup, and debt ratios, they argue, but also the power relationships that shaped those economic indicators.As they examine the domestic, regional, and international politics that underlay the economic collapse, the authors analyze the reasons why the crisis affected the nations of Asia in radically different ways. The authors also consider whether the crisis indicates a radical change in Asia's economic future.

The Political Economy of the East Asian Crisis and Its Aftermath

The Political Economy of the East Asian Crisis and Its Aftermath PDF

Author: Arvid John Lukauskas

Publisher: Edward Elgar Publishing

Published: 2001

Total Pages: 296

ISBN-13:

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Economists from the US, the World Bank, the International Monetary Fund, and a few other countries--none Asian--assess the causes and consequences of the East Asian crisis of 1997-98, focusing especially on the interplay of economic and political forces. In eight papers and a summary of a roundtable discussion, primarily from a March 1999 conference at Columbia University, they consider such aspects as the anatomy of the emerging market disease, the politics of moral hazard, the US role in the long Asian crisis of 1990-2000, and from higher risk to risk aversion and the danger of protectionism. Annotation copyrighted by Book News Inc., Portland, OR

Governments and Markets in East Asia

Governments and Markets in East Asia PDF

Author: Jungug Choi

Publisher: Routledge

Published: 2007-01-24

Total Pages: 202

ISBN-13: 1134150539

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Governments and Markets in East Asia examines the relationship between economic performance, elite co-operation, and political regime stability in the context of the Asian crisis, and argues that economic crisis is not the cause of greater political harmony or discord, but rather that it serves as a catalyst that may encourage elites to cooperate or conflict depending upon the particular circumstances at the time of crisis. This book maintains that the political consequences of the Asian crisis varied according to the type of elite that existed in each stricken society. Including a comprehensive comparative study of five countries' experiences during the economic crisis: Indonesia, Thailand, Malaysia, South Korea and the Philippines, this book investigates the pre-crisis political context and elite configuration of these five countries, and considers what lessons can be drawn from their experiences. Constituting an impressive body of descriptive and theoretical material on the Asian crisis, this book looks towards the implications of economic crisis for elite behaviour and political stability.

The Political Economy of the Asian Financial Crisis

The Political Economy of the Asian Financial Crisis PDF

Author: Stephan Haggard

Publisher: Columbia University Press

Published: 2010-10-01

Total Pages: 304

ISBN-13: 088132308X

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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.

Crisis as Catalyst

Crisis as Catalyst PDF

Author: Andrew J. MacIntyre

Publisher: Cornell University Press

Published: 2008

Total Pages: 340

ISBN-13: 9780801474606

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The financial crisis that swept across East Asia during 1997-1998 was devastating not only in its economic impact but also in its social and political effects. The explosive growth and sociopolitical modernization that had powered the region for much of the preceding decade suddenly were dramatically interrupted. East Asia is economically outperforming the rest of the developing world once again and has become a leading force in the global economy. In the wake of the crisis, East Asia changed in important ways. Crisis as Catalyst contains assessments of these changes-both ephemeral and permanent- by a wide range of specialists in Asian economics and politics.The crisis, as the contributors to this volume show, catalyzed changes across political, corporate, and social arenas both in the countries hit hard by the crisis and in others throughout the region. The authors of Crisis as Catalyst examine what has changed (as well as what has not changed) in East Asia since the crisis, explain these variations, and reflect on the long-term significance of these developments.

China in the Wake of Asia's Financial Crisis

China in the Wake of Asia's Financial Crisis PDF

Author: Wang Mengkui

Publisher: Routledge

Published: 2008-11-21

Total Pages: 321

ISBN-13: 1134039948

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This book examines China’s response to the Asian financial crisis of 1997, both in its immediate aftermath and in the years since. Based on research conducted by the China Development Research Foundation, one of China’s leading think-tanks, this book includes contributions from senior policy makers in the Chinese government.

Asia Falling

Asia Falling PDF

Author: Callum Henderson

Publisher: McGraw-Hill Companies

Published: 1998

Total Pages: 360

ISBN-13:

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This up-to-the minute critique is packed with solid recommendations for investors, providing policy-level political analyses on the actions and reactions that have led to Asia's currency crisis.

Economic Crises and Global Politics in the 20th Century

Economic Crises and Global Politics in the 20th Century PDF

Author: Alexander Nützenadel

Publisher: Routledge

Published: 2016-04-08

Total Pages: 276

ISBN-13: 1134928718

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This book analyses the history of economic crises from the angle of international politics and its transformation throughout the 20th century. While political and economic debates in the wake of the present financial crisis are revolving around the question of how to create effective forms of global governance, historians have discovered a long tradition of international economic regulation that can be traced back to the late 19th century. In the global economy, sovereign defaults, banking crises and currency crashes have been recurrent phenomena. At the same time, alongside the growing globalization of commodity and capital markets, nation-states have introduced new forms of regulation both on the national and international level. The experience of economic crises has been an important driver behind numerous initiatives to foster global politics. The purpose of the book is to reconnect economic history with the perspectives of political economy and the history of international relations. It forms a dialogue between the disciplines that have been increasingly separated throughout the past decades. With first-rate economic historians and political economists writing for a wider audience, it simultaneously makes public debates and methods of recent cutting-edge research in economic history within a wider academic community. This book was originally published as a special issue of the European Review of History.

The Asian Financial Crisis

The Asian Financial Crisis PDF

Author: Morris Goldstein

Publisher: Peterson Institute

Published: 1998

Total Pages: 236

ISBN-13: 9780881322613

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The turmoil that has rocked Asian markets since the middle of 1997, and that is now having such deep effects on the economies in the region, is the third major currency crisis of the 1990s. This study explains how the Asian crisis arose and spread. It then outlines the corrective policy measures that could help end the crisis, and the shortcomings that have been revealed in the international financial system that require reform to reduce the chances of a recurrence.