Economic crisis and the culture of reform in Southeast Asia

Vincent Houben

European Review, 1999, vol. 7, issue 4, 487-496

Abstract: The economic crisis in Southeast Asia has provoked a debate on the economic and political culture of the region. Is Asian capitalism really suffering from structural deficiencies or does it only signify the imposition of western ethnocentric values? Inside Southeast Asia, public discussion on the issue of corruption has erupted, involving culturally specific notions of what is acceptable or not. Likewise, unbridled exercise of power increasingly faces an indigenous demand for more accountability of the powerholders. The reform debate that is conducted between Southeast Asians themselves seems to be more promising than western calls for democracy and economic transparency.

Date: 1999
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