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Looking Back on the Asian Crisis: The Question of Convergence

Looking Back on the Asian Crisis: The Question of Convergence The persistence of non-liberal regimes in Asia, even after the financial and economic crisis, raises questions about how social and economic regimes change and the sort of legal and political frameworks required by modern market capitalism. This paper looks at the issue of convergence and critically assesses claims that the apparent failure of market transformation results from poor policies, weak institutions, captured states and weak social capital. It is argued that the failures of convergence call into question the very assumptions that neo-liberal reform requires markets that are open, governments where public and private interest is separated and defined by law, and democratic political systems. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Asian Journal of Social Science Brill

Looking Back on the Asian Crisis: The Question of Convergence

Robison, Richard
Asian Journal of Social Science , Volume 31 (2): 162 – Jan 1, 2003
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Publisher
Brill
Copyright
© 2003 Koninklijke Brill NV, Leiden, The Netherlands
ISSN
1568-4849
eISSN
1568-5314
DOI
10.1163/156853103322318180
Publisher site
See Article on Publisher Site

Abstract

The persistence of non-liberal regimes in Asia, even after the financial and economic crisis, raises questions about how social and economic regimes change and the sort of legal and political frameworks required by modern market capitalism. This paper looks at the issue of convergence and critically assesses claims that the apparent failure of market transformation results from poor policies, weak institutions, captured states and weak social capital. It is argued that the failures of convergence call into question the very assumptions that neo-liberal reform requires markets that are open, governments where public and private interest is separated and defined by law, and democratic political systems.

Journal

Asian Journal of Social Science – Brill

Published: Jan 1, 2003

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