Finance in a Complex Capitalist Economy: Failures of Global Markets and Developmental States

Haider Khan ()

Chapter 5 in Global Markets and Financial Crises in Asia, 2004, pp 76-97 from Palgrave Macmillan

Abstract: Abstract In this chapter the key question raised is: how can we conceptualize finance in a complex capitalist economy in the aftermath of the Asian financial and economic crises? I start the discussion of this and related issues by posing a simpler empirical question: have the Asian financial and economic crises proved that the Asian model of development (AMD) was wrong? The implications of answers to this question are far-reaching. In the end, the theoretical issues raised by the problem of finance in a complex capitalist economy and the political economy of developmental states will both be implicated in what is an apparently empirical investigation.

Keywords: Interest Rate; Corporate Governance; Financial Institution; Private Bank; Foreign Bank (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-00079-7_5

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DOI: 10.1057/9780230000797_5

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