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.
Trillions of dollars are stashed in the world’s secret financial system, where they are keeping autocratic regimes afloat and fueling democracy’s decline.
In recent years several Westminster-style parliamentary democracies have considered cutting their ties with the British monarchy and becoming republics. The difficulties involved in trying to make such a shift were…
