Political corruption in Southeast Asia

Publication Type

Book Chapter

Publication Date

1-2000

Abstract

Enormous changes have been taking place in Southeast Asia in the 1990s, particularly towards the end of the decade. First there was a pattern of equitable economic growth that was striking enough to be characterized by the World Bank as a ‘miracle’, and hailed by professional and pop economists alike as a new capitalist utopia. On 2 July 1997 all of this started to unravel in a financial crisis which in less than one year had radically devalued currencies in Thailand (by 32 per cent), Indonesia (71 per cent), Malaysia (31 per cent), the Philippines (29 per cent) and South Korea (35 per cent).2 Suddenly what had seemed to be a miracle actually turned out to be a curse that the region will have to bear for the remainder of the 1990s, and probably into the next millennium.

Discipline

Asian Studies | Political Economy | Political Science

Research Areas

Political Science

Publication

Party Finance and Political Corruption

Editor

Robert Williams

First Page

163

Last Page

198

ISBN

9780333978061

Identifier

10.1057/9780333978061_7

Publisher

Macmillan

City or Country

London

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