EconPapers    
Economics at your fingertips  
 

Financial Crisis in East Asia: Underlying and Precipitating Factors

Stephen Gillis

Chapter 14 in Trade, Development and Political Economy, 2001, pp 251-267 from Palgrave Macmillan

Abstract: Abstract Anne Krueger is best known around the world for her contributions to international economics — including economic development. But much of her work transcends these fields. Nowhere is this more evident than in her highly influential article published more than a quarter of a century ago: ‘The Political Economy of the Rent-Seeking Society’ (Krueger, 1974). This insightful contribution integrated elements of the economic theory of bureaucracy with the systematic study of economic policy making. This theory, in the hands of Professor Krueger and later writers, reveals how efforts of entrepreneurs, traders and managers to gain favourable treatment from government diverts energies and resources from productive activities, thereby curbing economic growth and also skewing the rewards from economic activity.

Keywords: Political Economy; Financial Institution; International Monetary Fund; Moral Hazard; Banking Sector (search for similar items in EconPapers)
Date: 2001
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-52368-5_14

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230523685

DOI: 10.1057/9780230523685_14

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2025-04-01
Handle: RePEc:pal:palchp:978-0-230-52368-5_14