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 research director for democracy and global governance at the Institute on Global Conflict and Cooperation at the University of California, San Diego.
Emerging from one of the world’s most notorious failed states, Somaliland has become an oasis of relative democratic stability in the troubled Horn of Africa. What does its story teach…
The U.S.-led reconstruction effort has so far failed to establish democratic institutions in Iraq. But as troubled as that effort has been, it provides valuable lessons for future nation-building endeavors.
The same policies that fostered decades of prosperity in Singapore have also led to longer-term economic ills that might have been averted in a freer society.
