The armed forces champion a form of capitalism that is generating revenue, but its reliance on rent faces diminishing returns, leaving the country with massive sunk costs and deferred returns, deepening dependency on external borrowing.
Yezid Sayigh
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Source: CERN Global Dialogue Series
Background Studies Prepared for the Bangkok Meeting
SUMMARY
These country case studies offer detailed, political economy analyses of the Asian financial crisis and the different approaches to managing each country's recovery. Wing Thye Woo gives a broad comparative analysis of the economic and political dimensions of the crisis in Malaysia, South Korea, and Indonesia. Jongryn Mo details reforms in South Korea undertaken as a result of the crisis, and the factors that made these reforms politically feasible. Pasuk Phongpaichit and Chris Baker analyze the politics of reform in Thailand, both during its boom period and the post-crisis period, giving particular emphasis to distributional issues.
Jongryn Mo
Pasuk Phongpaichit
Chris Baker
The armed forces champion a form of capitalism that is generating revenue, but its reliance on rent faces diminishing returns, leaving the country with massive sunk costs and deferred returns, deepening dependency on external borrowing.
Yezid Sayigh
Morocco and Algeria, each in its own way, are having to navigate the global economic fallout of the U.S.-Israeli military campaign against Iran.
Yasmine Zarhloule
In an interview, Ishac Diwan looks at the merits and flaws in the draft legislation distributing losses from the financial collapse.
Michael Young
Mustaqbal Misr has expanded its portfolio with remarkable speed, but a lack of transparency remains.
Yezid Sayigh
Arab diaspora business communities in Egypt often mirror the same systemic challenges facing Egyptian businesses.
Nur Arafeh, Yezid Sayigh, Qaboul al-Absi, …