The late 1980s and early 1990s saw rapid economic growth and subjugation of social policy and environmental concerns, as development was driven through the corporate and financial sectors in East and Southeast Asian economies, fuelled by free market reforms as societies edged towards neo-liberalism. The Asian financial crisis was the catalyst for the emergence of a new embedded-relational governance model, which emphasises the social and environmental dimensions of the welfare state, while relying on decentralised civil society initiatives and business self-regulation in implementing corporate social responsibility. This study focuses on corporate governance and financial system reforms introduced in the aftermath of the Asian financial crisis.
Post-Asian financial crisis reforms: an emerging new embedded-relational governance model
Abstract
The late 1980s and early 1990s saw rapid economic growth and subjugation of social policy and environmental concerns, as development was driven through the corporate and financial sectors in East and Southeast Asian economies, fuelled by free market reforms as societies edged towards neo-liberalism. The Asian financial crisis was the catalyst for the emergence of a new embedded-relational governance model, which emphasises the social and environmental dimensions of the welfare state, while relying on decentralised civil society initiatives and business self-regulation in implementing corporate social responsibility. This study focuses on corporate governance and financial system reforms introduced in the aftermath of the Asian financial crisis.Preview Only. This article cannot be rented because we do not currently have permission from the publisher.
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Post-Asian financial crisis reforms: an emerging new embedded-relational governance model
Loftus, Janice A.; Purcell, John A.
Follow Accounting, Business & Financial History
, Volume 18 (3): 335-355
Informa Healthcare – Nov 1, 2008
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