Globalization, Politics, and Financial Turmoil (Hardcover) (ISBN-13: 9780521854924)

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.

Author: Shanker Satyanath
ISBN-10: 052185492X
ISBN-13: 9780521854924
Publisher: Cambridge University Press
Language: English
Published: 12/22/2005
Pages: 174
Format: Hardcover
Weight: 0.86lbs
Size: 9.24h x 6.70w x 0.69d