Politics and Markets in the Wake of the Asian Crisis

by Beeson,Mark; Beeson,Mark

• ISBN13: 9780415220576
• ISBN10: 0415220572
• Edition: 1st
• Format: Nonspecific Binding
• Copyright: 1999-12-02
• Publisher: Routledge

Summary

The fallout from the crisis in Asia has been immense. Asia's position as the global economy's growth engine is no longer tenable.Politics and Markets in the Wake of the Asian Crisisputs the crisis in its global context, reassessing its impact on governments and economies around the world.

Table of Contents

List of illustrations	ix
Notes on contributors	xi
Preface	xiii
Acknowledgements	xv
Part I The end of Asian capitalism?	1	(74)
Introduction: interpreting the crisis	3	(22)
Mark Beeson
Richard Robison
Comment: crisis and the developmental state in East Asia	25	(9)
K. S. Jomo
The financial crisis in Southeast Asia	34	(19)
Jefferey A. Winters
State power and economic strength revisited: what's so special about the Asian crisis?	53	(22)
Linda Weiss
John M. Hobson
Part II Crisis of the developmental state	75	(94)
The state, structural rigidity, and the end of Asian capitalism: a comparative study of Japan and South Korea	77	(22)
Chung in Moon
Sang-Young Rhyu
Fragility or continuity? Economic governance of East Asian capitalism	99	(17)
Hyuk-Rae Kim
The dilemma of market liberalization: the financial crisis and the transformation of capitalism	116	(14)
Yeon-Ho Lee
Hyuk-Rae Kim
A meltdown with `Chinese characteristics'?	130	(21)
Lance L. P. Gore
The Asian crisis and the perils of enterprise association: explaining the different outcomes in Singapore, Taiwan and Korea	151	(18)
James Cotton
Part III Crisis of oligarchic capatalism	169	(90)
Surviving the meltdown: liberal reform and political oligarchy in Indonesia	171	(21)
Richard Robison
Andrew Rosser
Thailand's capitalism before and after the economic crisis	192	(20)
Kevin Hewison
Economic nationalism and its discontents: Malaysian political economy after July 1997	212	(26)
Khoo Boo Teik
The Philippines: the making of a neo-classical tragedy	238	(21)
Walden Bello
Part IV Regional and international context of the crisis	259	(54)
The international relations of the Asian economic crisis: a study in the politics of resentment	261	(22)
Richard Higgott
Moral (and other) hazards: the IMF and the systemic Asian crisis	283	(14)
Richard Leaver
Australia in the shadow of the Asian crisis	297	(16)
Mark Beeson
Stephen Bell
Part V Conclusion: scenarios for East Asia	313	(18)
Authoritarian liberalism, governance and the emergence of the regulatory state in post-crisis East Asia	315	(16)
Kanishka Jayasuriya
Bibliography	331	(32)
Index	363