The political dimensions of the 1997-99 Asian financial crisis have been largely ignored. Yet political factors are crucial to understanding the crisis and the differing ways in which the democracies and authoritarian regimes in the region responded to it.
About the Author
Stephan Haggard is the Lawrence and Sallye Krause Professor of Korea-Pacific Studies and director of the Korea-Pacific Program in the School of Global Policy and Strategy at the University of California, San Diego.
Instead of ending the instability that has seen the country have four presidents in three years, Peru’s presidential election has left the country on a razor-thin edge.
In recent years, scholars have begun to focus on the sources of "authoritarian resilience." But democracy has also shown surprising resilience, in part because the disorders to which it is…
