Commentary
Regulation, not embargo, allows Beijing to shape how other countries and firms adapt to its terms.
Alvin Camba
Book
After the Crisis: The Social Contract and the Middle Class in East Asia
Published on Jul 17, 2000
Source: Washington, DC: Carnegie Endowment for International Peace, 2000
In 1997, East Asia was beset by financial crisis and panic. Despite decades of high and sustained growth, most of these countries had little, if any, form of social insurance to help soften the effects of the crisis.
Whereas the international community focuses predominately on the poor, After the Crisis examines the impact of the crisis on an emergent most urban "striving class". Authors Nancy Birdsall and Stephan Haggard emphasize the strategic importance of this emerging middle class in forging an explicit social contract that could benefit all classes.
Please note: this book is no longer available in print format, for more information, please contact Carnegie Publications office.
About the Authors
Nancy Birdsall
Former Senior Associate
Stephan Haggard
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
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