The political dimensions of the 1997-99 Asian financial crisis have been largely ignored. Yet political factors are crucial to understanding the crisis and the differing ways in which the democracies and authoritarian regimes in the region responded to it.
About the Author
Stephan Haggard is the Lawrence and Sallye Krause Professor of Korea-Pacific Studies and director of the Korea-Pacific Program in the School of Global Policy and Strategy at the University of California, San Diego.
Latin America’s recent experience shows that effective democratic governance is difficult to achieve and depends on many factors, some of them context-specific. Nonetheless, it is possible to draw some general…
