Bringing politics back in : rethinking the Asian financial crisis and its aftermath
Document Type
Journal article
Source Publication
Critical Review
Publication Date
Winter 1-1-2003
Volume
15
Issue
1/2
First Page
221
Last Page
238
Abstract
We now have a fairly good understanding of the economic causes of the 1977 Asian financial crisis. There is as yet, however, little understanding of the politics behind the crisis. Not only did various political systems in Asia play a significant role in fomenting the crisis, they have also demonstrated remarkable capacities in dealing with its aftermath. Nowhere is this more evident than in the far-reaching economic reforms implemented by the Kim Dae-Jung administration in South Korea. The key to Korea's success in weathering the crisis lay in the decisive leadership of Kim Dae-Jung and in the "developmental state" structures and institutions he inherited-both of which exemplify the autonomy of a putatively democratic state from societal, especially elite, pressures.
DOI
10.1080/08913810308443581
Print ISSN
08913811
E-ISSN
19338007
Publisher Statement
Copyright © Critical Review 2003
Access to external full text or publisher's version may require subscription.
Full-text Version
Publisher’s Version
Language
English
Recommended Citation
Sharma, S. D. (2003). Bringing politics back in: Rethinking the Asian financial crisis and its aftermath. Critical Review, 15(1/2), 221-238. doi: 10.1080/08913810308443581