Governments and Markets in East Asia Book

List of tables     ix
List of figures     x
Preface     xi
Introduction: economic crises, political elites, and democratic stability     1
Crises, cooperation, and democratic stability     1
Elite paths to democratic stability     5
Path one to elite consensus: an elite settlement and its preconditions     6
Path two to elite consensus: elite convergence and its preconditions     9
Economic crisis and the deepening of elite consensus     12
Outline of the volume     14
The outbreak of the Asian economic crisis and its socioeconomic consequences     15
Features and causes of the economic crisis     15
Economic vulnerabilities     18
Socioeconomic responses and effects     22
An excursus on the Philippines     25
Conclusion     25
Political circumstances before the Asian economic crisis: elite configurations in the five countries     28
Indonesia     28
Thailand     31
The Philippines     33
Malaysia     37
South Korea     39
Conclusion     43
Economic crisis, divided elites, and prospects for an elite settlement     45
Precrisispower imbalance, external pressures, and no elite settlement     45
Strong old-regime forces and disunited opposition forces: political cleavages in the 1999 general election     50
Logrolling, veto power, and captured presidency: an outcome of elite fragmentation     53
Conclusion     57
Economic crisis, fragmented elites, and prospects for elite convergence     58
Political cleavages before the crisis     58
The Philippines: dominant but tractable ethno-linguistic cleavages     61
Convergence attempts and failures     62
Conclusion     74
Economic crisis, consensual elites and prospects for the further consensus     76
Malaysia     77
South Korea     87
Conclusions     98
Notes     103
Bibliography     122
Index     132