The Politics of the Asian Economic Crisis / T. J. Pempel.

Format:

Book

Contributor:

Pempel, T. J., editor.

Series:

Cornell Studies in Political Economy Series

Cornell Studies in Political Economy

Language:

English

Subjects (All):

Financial crises--Asia.

Financial crises.

Asia--Politics and government--1945-.

Asia.

Genre:

Electronic books.

Physical Description:

1 online resource (xii, 284 p. :) ill. ;

Edition:

1st ed.

Place of Publication:

Ithaca, NY : Cornell University Press, [2018]

Language Note:

In English.

Summary:

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.

Contents:

Frontmatter

CONTENTS

CONTRIBUTORS

ACKNOWLEDGMENTS

ABBREVIATIONS

Introduction / Pempel, T.J.

PART I. INTERNATIONAL AND REGIONAL CONTRIBUTIONS

1. The Asian Crisis, Democracy, and the End of "Late" Development / Cumings, Bruce

2. Asian Business Networks in Transition: or, What Alan Greenspan Does Not Know about the Asian Business Crisis / Hamilton, Gary

3. Regional Ups, Regional Downs / Pempel, T. J.

4. The Determinants of Financial Crisis in Asia / Winters, Jeffrey A.

PART II. NATIONAL RESPONSES

5. Free Market Fancies: Hong Kong, Singapore, and the Asian Financial Crisis / Lim, Linda Y. C.

6. The State, Democracy, and the Reform of the Corporate Sector in Korea / Woo-Cumings, Meredith

7. Political Institutions and the Economic Crisis in Thailand and Indonesia / Macintyre, Andrew

8. Neither Dynamo nor Domino: Reforms and Crises in the Philippine Political Economy / Hutchcraft, Paul

9. Surviving the East Asian Financial Storm: The Political Foundation of Taiwan's Economic Resilience / Chu, Yun-han

10. China: Domestic Restructuring and a New Role in Asia / Naughton, Barry

Conclusion / Pempel, T.J.

NOTES

REFERENCES

INDEX

Notes:

Includes bibliographical references (p. 253-268) and index.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 25. Sep 2019)

Description based on publisher supplied metadata and other sources.

ISBN:

9781501729379

1501729373

OCLC:

1132227037