Governments and Markets in East Asia: The Politics of Economic Crises, 1st Edition (Paperback) book cover

Governments and Markets in East Asia

The Politics of Economic Crises, 1st Edition

By Jungug Choi


192 pages | 11 B/W Illus.

Purchasing Options:$ = USD
Paperback: 9780415648110
pub: 2014-01-17
SAVE ~$10.59
Hardback: 9780415399029
pub: 2006-09-29
SAVE ~$36.00
Currently out of stock
eBook (VitalSource) : 9780203968642
pub: 2007-01-24
from $26.48

FREE Standard Shipping!


Governments and Markets in East Asia examines the relationship between economic performance, elite co-operation, and political regime stability in the context of the Asian crisis, and argues that economic crisis is not the cause of greater political harmony or discord, but rather that it serves as a catalyst that may encourage elites to cooperate or conflict depending upon the particular circumstances at the time of crisis.

This book maintains that the political consequences of the Asian crisis varied according to the type of elite that existed in each stricken society. Including a comprehensive comparative study of five countries' experiences during the economic crisis: Indonesia, Thailand, Malaysia, South Korea and the Philippines, this book investigates the pre-crisis political context and elite configuration of these five countries, and considers what lessons can be drawn from their experiences. Constituting an impressive body of descriptive and theoretical material on the Asian crisis, this book looks towards the implications of economic crisis for elite behaviour and political stability.

Table of Contents

1. Introduction: Economic Crises, Political Elites, and Democratic Stability 2. The Outbreak of the Asian Economic Crisis and Its Socioeconomic Consequences 3. Political Circumstances before the Asian Economic Crisis: Elite Configurations in the Five Countries 4. Economic Crisis, Divided Elites and Prospects for an Elite Settlement 5. Economic Crisis, Fragmented Elites and Prospects for Elite Convergence 6. Economic Crisis, Consensual Elites and Prospects for the Further Consensus 7. Conclusions

About the Author

Jungug Choi is Assistant Professor at the Department of Political Science, Konkuk University, Korea. His main research interests include political party systems, electoral behavior and political economy in East and Southeast Asia.

About the Series

Routledge Malaysian Studies Series

The Routledge Malaysian Studies Series publishes high quality scholarship that provides important new contributions to knowledge on Malaysia. It also signals research that spans comparative studies, involving the Malaysian experience with that of other nations.

This series, initiated by the Malaysian Social Science Association (MSSA) to promote study of contemporary and historical issues in Malaysia, and designed to respond to the growing need to publish important research, also serves as a forum for debate on key issues in Malaysian society. As an academic series, it will be used to generate new theoretical debates in the social sciences and on processes of change in this society.

The Series covers a broad range of subjects including history, politics, economics, sociology, international relations, geography, business, education, religion, literature, culture and ethnicity. The series will encourage work adopting an interdisciplinary approach.

New proposals for the series are welcomed.  Prospective authors should in the first instance contact the series editors, whose email addresses are:;; and


Learn more…

Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Economic History
BUSINESS & ECONOMICS / International / Economics
POLITICAL SCIENCE / Economic Conditions
SOCIAL SCIENCE / Ethnic Studies / General