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Crisis as Catalyst : Asia's Dynamic Political Economy - Barbara Laslett

Crisis as Catalyst

Asia's Dynamic Political Economy

Paperback

Published: 28th August 2008
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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.

"Crisis as Catalyst is the most authoritative, comprehensive, and systematic study of political economic changes in East Asia since the financial crisis in 1997. Chapters in the volume are analytically rigorous and empirically penetrative, with rich policy implications. This is must reading for those who are interested in East Asia, including policy makers and businesspeople."-Chung-in Moon, Yonsei University "In Crisis as Catalyst, expert authors cogently exploit hindsight to generate foresight made all the more timely by what the current American downturn could mean for Asia."-Donald Emmerson, Stanford University "The financial crisis and subsequent drive toward greater regional integration have induced reforms that are necessary to maintain East Asia's dynamism. The danger is that they are losing steam. Perhaps market forces remain the strongest drive for reform.This book explores these important problems."-Hadi Soesastro, Executive Director, Centre for Strategic and International Studies, Jakarta "Crisis as Catalyst is well conceived and well organized-it provides a rich vein of data and analysis that will be of value to international political economists who have an interest in East Asia."-Richard Stubbs, McMaster University

Prefacep. vii
Abbreviationsp. ix
East Asia in the Wake of the Financial Crisisp. 1
Finance, Corporate Governance, and Welfare
After the Fall: East Asian Exchange Rates since the Crisisp. 25
Banking Systems a Decade after the Crisisp. 45
Containing the Oligarchs: The Politics of Corporate Governance Systems in East Asiap. 70
Democratization, Crisis, and the Changing Social Contract in East Asiap. 93
Regional Responses
Regional Financial Cooperation in East Asia since the Asian Financial Crisisp. 117
Trading Out of Crisisp. 140
Restructuring Regional Tiesp. 164
National Responses
The Capitalist Embrace: China Ten Years after the Asian Financial Crisisp. 183
Politics of Economic Recovery in Thailand and the Philippinesp. 206
Institutions, Economic Recovery, and Macroeconomic Vulnerability in Indonesia and Malaysiap. 231
The Korean Economic System Ten Years after the Crisisp. 251
Conclusion: The Political Economy of East Asia: Directions for the Next Decadep. 271
Referencesp. 293
Contributorsp. 315
Indexp. 317
Table of Contents provided by Ingram. All Rights Reserved.

ISBN: 9780801474606
ISBN-10: 0801474604
Series: Cornell Studies in Political Economy
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 336
Published: 28th August 2008
Publisher: Cornell University Press
Country of Publication: US
Dimensions (cm): 23.5 x 15.6  x 2.29
Weight (kg): 0.48