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This is the first systematic attempt to explore the causal relationship between financial market reform and financial crisis in an interdisciplinary and comparative perspective. It examines the political underpinnings of financial policy-change and provides an in-depth analysis of market liberalisation processes and their impact on the economic turmoil of 1997-98 in Korea and Thailand. The common crisis stemmed from divergent reform patterns and originated from dissimilar institutional deficiencies and political constraints. The book will be essential reading for both policy-makers and academics concerned with national governance in an era of globalisation.
Subnational capital finance -- A theory of subnational government capital market information -- Review of literature on subnational government borrowing -- System-level information resolution and contractibility -- Information resolution, information content, and city debt -- Understanding, managing, and communicating credit fundamentals -- Three contexts of information resolution reforms -- Subnational government capital financing : lessons for policy and practice.
Englebert argues that differences in economic performance both within Africa and across the developing world can be linked to differences in historical state legitimacy.
The Asia-Pacific Sustainable Development Journal (APSDJ) aims to stimulate debate and enrich research in the formulation of policy in the Asia-Pacific region towards the fulfilment of the 2030 Agenda for Sustainable Development. Published twice a year, the APSDJ is a rebranded journal of the United Nations Economic and Social Commision for Asia and the Pacific (UNESCAP) that builds on the success of two earlier journals - the Asia-Pacific Development Journal (APDJ), which has been published since 1994, and the Asia-Pacific Population Journal (APPJ), since 1986. These journals are being merged in recognition of the interconnected and multidisciplinary nature of sustainable development.