The Political Economy of International Financial Crisis: Interest Groups, Ideologies and Institutions

Author:   U. K. Heo ,  Shale A. Horowitz
Publisher:   Rowman & Littlefield
ISBN:  

9780742501324


Pages:   312
Publication Date:   22 January 2001
Format:   Hardback
Availability:   In Print   Availability explained
Limited stock is available. It will be ordered for you and shipped pending supplier's limited stock.

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The Political Economy of International Financial Crisis: Interest Groups, Ideologies and Institutions


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Overview

The world financial crisis of 1997-99 was the most important international economic event since the oil shocks of the 1970s and the associated debt crisis of the 1980s. What were its political causes and consequences? In particular, how did interest group coalitions and political institutions affect pre-crisis economic policies and post-crisis responses? This book focuses on how policymaking coalitions are formed and how political institutions mediate the pressure of rival coalitions. This approach is applied to 13 countries drawn from the main crisis-affected regions of the world economy-East Asia, Southeast Asia, Latin America and Eastern Europe.

Full Product Details

Author:   U. K. Heo ,  Shale A. Horowitz
Publisher:   Rowman & Littlefield
Imprint:   Rowman & Littlefield Publishers
Dimensions:   Width: 15.60cm , Height: 2.20cm , Length: 23.50cm
Weight:   0.513kg
ISBN:  

9780742501324


ISBN 10:   0742501329
Pages:   312
Publication Date:   22 January 2001
Audience:   College/higher education ,  Professional and scholarly ,  Undergraduate ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Out of Print
Availability:   In Print   Availability explained
Limited stock is available. It will be ordered for you and shipped pending supplier's limited stock.

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Reviews

This is an unusually engaging volume, produced by an impressive team of younger scholars with fresh and powerful arguments. It offers an innovative theoretical framework for understanding economic policy reform by combining economic structure, interests, and institutions. In this, it moves us beyond the familiar pattern of emphasizing one variable to the exclusion of others. The theoretical framework is used to great effect in explaining the most important international economic event of recent times, the international financial crisis of 1997-98. The volume offers a forceful combination of theory and empirical case-work from Asia, Latin America, and Eastern Europe and is an exciting reminder that high-caliber political science need not be analytically narrow or deal only with issues of minor consequence.--Andrew MacIntyre


This book does a great deal in identifying the differences in the development of the crises in different national settings, as well as differences in resolutions. The various authors contribute case studies from a range of countries that provides enough diversity to allow for interesting comparisons for the reader... Upper-division undergraduate students through professionals. CHOICE This is an unusually engaging volume, produced by an impressive team of younger scholars with fresh and powerful arguments. It offers an innovative theoretical framework for understanding economic policy reform by combining economic structure, interests, and institutions. In this, it moves us beyond the familiar pattern of emphasizing one variable to the exclusion of others. The theoretical framework is used to great effect in explaining the most important international economic event of recent times, the international financial crisis of 1997-98. The volume offers a forceful combination of theory and empirical case-work from Asia, Latin America, and Eastern Europe and is an exciting reminder that high-caliber political science need not be analytically narrow or deal only with issues of minor consequence. -- Andrew MacIntyre, University of Califonia, San Diego This useful volume provides a comparative examination of the political conditions that gave rise to the Asian financial crisis of 1997-99. It nicely complements the extensive economic literature on the crisis, reminding us that economic policy is generated by political processes, not by unitary decision makers. Journal of Asian Studies This is an unusually engaging volume, produced by an impressive team of younger scholars with fresh and powerful arguments. It offers an innovative theoretical framework for understanding economic policy reform by combining economic structure, interests, and institutions. In this, it moves us beyond the familiar pattern of emphasizing one variable to the exclusion of others. Giustificativo, (Centro Internazionale Promozione Editoriale) An interesting and thoughtful collection. A useful addition to the literature, and indeed, the editors are to be congratulated on bringing together this collection of materials which certainly enriches the current literature. Progress In Development Studies This valuable set of studies should leave the reader with no doubts about the need to combine political and economic analysis in order to understand and help to prevent international financial crises. -- Thomas D. Willett, Claremont College


Author Information

Shale Horowitz is assistant professor of political science at the University of Wisconsin-Milwaukee. He has an MA in economics and a PhD in political science from UCLA. He has taught for a year at Central European University in Budapest, Hungary and has done research in many countries of Eastern Europe and the former Soviet Union. He is the author of book chapters and journal articles on economic policy-making and democratization in the post-communist countries. He is currently editor of Analysis of Current Events. His research focuses on the political economy of international trade and finance, the political economy of market transition and institutional change in the post-communist countries, and the politics of agricultural policy. Uk Heo is associate professor of political science at the University of Wisconsin-Milwaukee. He is a native Korean, and received his PhD from Texas A&M. He is the author of The Political Economy of Defense Spending around the World (1999), and the author or co-author of articles in American Politics Quarterly, Journal of Politics, Journal of Conflict Resolution, International Interactions, Journal of East Asian Affairs, Asian Perspective, Journal of Peace Research, West European Politics, and Korean Journal of International Studies. His research focuses on the political economy of financial crisis in East Asia, the defense-growth nexus, and conflict theories.

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