Article(print)1999

Crony capitalism and the East Asian currency and financial "crises"

In: Policy: ideas, debate, opinion, Volume 15, Issue 3, p. 3-9

Hughes, Helen

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Abstract

Describes how a policy of "dirigisme", or state intervention in economic matters, pursued by Southeast Asian countries since the 1970s, resulted in economic collapse due to factors such as monopolistic positions granted by the government to favored interests and regulation and protection of domestic market production.

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