Tigers in trouble : financial governance, liberalisation and crises in East Asia
This is a critique of the nature of Southeast and East Asian capitalism. It argues that the crises in Thailand, Indonesia, Malaysia and the Philippines as well as South Korea are due not to excessive market regulation, but to too much financial liberalization and a consequent undermining of effective monetary and fiscal governance. While recognising some macro-economic problems and abuses of state intervention in the region, the authors also highlight the inadequacies and failure of international financial governance. They show how different these crises are from the earlier Mexican collapse, and investigate the policies which the IMF is now insisting on. They present the situation in each country, its historical background, the course of the crisis so far, and the reactions of the various governments.
- 出版社
- Hong Kong University Press;Zed Books
- 発売日
- 1998-01-01
- ISBN
- 9789622094758