Globalization, Politics, and Financial Turmoil

Released on by Shanker Satyanath
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  • Globalization, Politics, and Financial Turmoil Book Detail

  • Author : Shanker Satyanath
  • Release Date : 2009-04-02
  • Publisher : Cambridge University Press
  • Genre : Political Science
  • Pages : 0
  • ISBN 13 : 9780521107433
  • File Size : 69,69 MB
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Globalization, Politics, and Financial Turmoil by Shanker Satyanath PDF Summary

Book Description: 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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