publication . Preprint . 1998

Accommodating Global Markets: Malaysia's Response to Economic Crisis

Helen Nesadurai;
Open Access
  • Published: 01 Oct 1998
The East Asian financial crisis has shown how governments in affected countries have had to contend both with the external constraint imposed by global capital mobility and domestic political dynamics when instituting adjustment to the crisis. Some commentators see the reform process in the East Asian states as an outcome of the disciplining behaviour of financial markets that will lead to the complete dismantling of those structures that supported the state- directed developmentalist mode of economic organisation and the emergence of a neo-liberal form of capitalism. Others point out that because the economic systems in place in the East Asian states are societ...
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