The Politics of the Asian Economic Crisis
T. J. Pempel
Cornell University Press, 1999 - Business & Economics - 284 pages
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.
What people are saying - Write a review
We haven't found any reviews in the usual places.
INTERNATIONAL AND REGIONAL CONTRIBUTIONS
or What Alan Greenspan
Regional Ups Regional Downs
The Determinants of Financial Crisis in Asia
Hong Kong Singapore and the Asian
The State Democracy and the Reform of the Corporate Sector in Korea
Political Institutions and the Economic Crisis in Thailand and Indonesia
American ASEAN Asia's Asian countries Asian crisis Asian economies assets banking sector began billion capital flows capital markets central bank chaebol China Chinese competition country's crises crony crony capitalism currency debt decisions democratic devaluation domestic East Asian economic crisis economic reforms economists enterprises exchange rate export external finance companies financial crisis financial institutions financial sector firms foreign exchange funds global growth Hong Kong Hutchcroft important increased Indonesia industrial interest rates investment Japan Japanese keiretsu Kim Dae Jung Kim Young Sam Kong's labor leaders liberalization loans macroeconomic major Malaysia manufacturing ment Minister monetary nomic officials organization party Philippines political economy portfolio President problems production Ramos regime restructuring rupiah short-term Singapore Singapore's social SOEs South Korea Southeast Asia stock market structure Suharto Taiwan Thailand tion trade U.S. dollar United Zhu Rongji