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Globalization, Politics, and Financial Turmoil

Globalization, Politics, and Financial Turmoil

Hardcover

Series: Political Economy of Institutions and Decisions

AccountingGeneral Political Science

ISBN10: 052185492X
ISBN13: 9780521854924
Publisher: Cambridge University Press
Published: Dec 22 2005
Pages: 174
Weight: 0.86
Height: 0.69 Width: 6.70 Depth: 9.24
Language: English
In a world where capital moves freely across national borders, developing countries have increasingly been subjected to devastating financial crises caused by the sudden withdrawal of foreign capital. How do such crises develop? This book focuses on a novel causal path: that of miscommunication. By examining the determinants of Asia's financial crisis of 1997-98, it demonstrates why developing democracies are exceptionally vulnerable to breakdowns in communication between financial officials and the chief executive and outlines the disastrous consequences of such breakdowns.

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General Political Science