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Governance and Growth: Lessons from the Asian Economic Crisis
Author(s) -
Haggard Stephan
Publication year - 1999
Publication title -
asian‐pacific economic literature
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.232
H-Index - 21
eISSN - 1467-8411
pISSN - 0818-9935
DOI - 10.1111/1467-8411.00061
Subject(s) - financial crisis , politics , corporate governance , government (linguistics) , work (physics) , political science , east asia , economics , development economics , political economy , economic system , finance , macroeconomics , mechanical engineering , linguistics , philosophy , china , law , engineering
The East Asian financial crisis of 1997‐98 has provoked yet another round of controversy on the institutional foundations of the region’s growth. This article provides some flavour of this new work by examining three factors that impinge on economic policy and performance: the role of political regime type; the structure of business‐government relations; and the design of government agencies. Institutional weaknesses contributed to the onset of the Asian financial crisis.