Available:*
Library | Item Barcode | Call Number | Material Type | Item Category 1 | Status |
|---|---|---|---|---|---|
Searching... | 30000010149750 | HB3808 C46 2006 | Open Access Book | Book | Searching... |
On Order
Summary
Summary
Governments and Markets in East Asia examines the relationship between economic performance, elite co-operation, and political regime stability in the context of the Asian crisis, and argues that economic crisis is not the cause of greater political harmony or discord, but rather that it serves as a catalyst that may encourage elites to cooperate or conflict depending upon the particular circumstances at the time of crisis.
This book maintains that the political consequences of the Asian crisis varied according to the type of elite that existed in each stricken society. Including a comprehensive comparative study of five countries' experiences during the economic crisis: Indonesia, Thailand, Malaysia, South Korea and the Philippines, this book investigates the pre-crisis political context and elite configuration of these five countries, and considers what lessons can be drawn from their experiences. Constituting an impressive body of descriptive and theoretical material on the Asian crisis, this book looks towards the implications of economic crisis for elite behaviour and political stability.
Author Notes
Jungug Choi is Assistant Professor at the Department of Political Science, Konkuk University, Korea. His main research interests include political party systems, electoral behavior and political economy in East and Southeast Asia.
Table of Contents
| List of tables | p. ix |
| List of figures | p. x |
| Preface | p. xi |
| 1 Introduction: economic crises, political elites, and democratic stability | p. 1 |
| Crises, cooperation, and democratic stability | p. 1 |
| Elite paths to democratic stability | p. 5 |
| Path one to elite consensus: an elite settlement and its preconditions | p. 6 |
| Path two to elite consensus: elite convergence and its preconditions | p. 9 |
| Economic crisis and the deepening of elite consensus | p. 12 |
| Outline of the volume | p. 14 |
| 2 The outbreak of the Asian economic crisis and its socioeconomic consequences | p. 15 |
| Features and causes of the economic crisis | p. 15 |
| Economic vulnerabilities | p. 18 |
| Socioeconomic responses and effects | p. 22 |
| An excursus on the Philippines | p. 25 |
| Conclusion | p. 25 |
| 3 Political circumstances before the Asian economic crisis: elite configurations in the five countries | p. 28 |
| Indonesia | p. 28 |
| Thailand | p. 31 |
| The Philippines | p. 33 |
| Malaysia | p. 37 |
| South Korea | p. 39 |
| Conclusion | p. 43 |
| 4 Economic crisis, divided elites, and prospects for an elite settlement | p. 45 |
| Precrisis power imbalance, external pressures, and no elite settlement | p. 45 |
| Strong old-regime forces and disunited opposition forces: political cleavages in the 1999 general election | p. 50 |
| Logrolling, veto power, and captured presidency: an outcome of elite fragmentation | p. 53 |
| Conclusion | p. 57 |
| 5 Economic crisis, fragmented elites, and prospects for elite convergence | p. 58 |
| Political cleavages before the crisis | p. 58 |
| The Philippines: dominant but tractable ethno-linguistic cleavages | p. 61 |
| Convergence attempts and failures | p. 62 |
| Conclusion | p. 74 |
| 6 Economic crisis, consensual elites and prospects for the further consensus | p. 76 |
| Malaysia | p. 77 |
| South Korea | p. 87 |
| 7 Conclusions | p. 98 |
| Notes | p. 103 |
| Bibliography | p. 122 |
| Index | p. 132 |
