Globalization, Politics, and Financial Turmoil by Shanker Satyanath
Estimated delivery 3-12 business days
Format Hardcover
Condition Brand New
Description This book focuses on the role of miscommunication in the financial crises of developing nations. By examining the determinants of Asia's financial crisis of 1997–8, it demonstrates why developing democracies are vulnerable to breakdowns in communication and outlines the disastrous consequences of such breakdowns.
Publisher Description
In a world where capital moves freely across national borders, developing countries have increasingly been subjected to devastating financial crises caused by the sudden withdrawal of foreign capital. How do such crises come about? This book focuses on a novel causal path: that of miscommunication. By examining the determinants of Asia's financial crisis of 1997-98, it demonstrates why developing democracies are exceptionally vulnerable to breakdowns in communication between financial officials and the chief executive and outlines the disastrous consequences of such breakdowns. The book offers a framework for predicting where chief executives are most likely to be ill informed about critical economic variables. It also considers those situations in which politicians are dependent on financial officials whom they cannot completely trust or in which multiple veto players damage the flow of information.
Author Biography
Shanker Satyanath is currently as Assistant Professor in the Department of Politics at New York University. He received his Masters in Management from Northwestern University and his Ph.D. in Political Science from Columbia University.
Details ISBN 052185492X ISBN-13 9780521854924 Title Globalization, Politics, and Financial Turmoil Author Shanker Satyanath Format Hardcover Year 2005 Pages 174 Publisher Cambridge University Press GE_Item_ID:7793620; About Us
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