Economic Crises and the Breakdown of Authoritarian Regimes: Indonesia and Malaysia in Comparative Perspective

Economic Crises and the Breakdown of Authoritarian Regimes: Indonesia and Malaysia in Comparative Perspective

by Thomas B. Pepinsky
     
 

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ISBN-10: 0521744385

ISBN-13: 9780521744386

Pub. Date: 08/31/2009

Publisher: Cambridge University Press

Why do some authoritarian regimes topple during financial crises, while others steer through financial crises relatively unscathed? In this book, Thomas B. Pepinsky uses the experiences of Indonesia and Malaysia and the analytical tools of open economy macroeconomics to answer this question. Focusing on the economic interests of authoritarian regimes’

Overview

Why do some authoritarian regimes topple during financial crises, while others steer through financial crises relatively unscathed? In this book, Thomas B. Pepinsky uses the experiences of Indonesia and Malaysia and the analytical tools of open economy macroeconomics to answer this question. Focusing on the economic interests of authoritarian regimes’ supporters, Pepinsky shows that differences in cross-border asset specificity produce dramatically different outcomes in regimes facing financial crises. When asset specificity divides supporters, as in Indonesia, they desire mutually incompatible adjustment policies, yielding incoherent adjustment policy followed by regime collapse. When coalitions are not divided by asset specificity, as in Malaysia, regimes adopt radical adjustment measures that enable them to survive financial crises. Combining rich qualitative evidence from Southeast Asia with cross-national time-series data and comparative case studies of Latin American autocracies, Pepinsky reveals the power of coalitions and capital mobility to explain how financial crises produce regime change.

Product Details

ISBN-13:
9780521744386
Publisher:
Cambridge University Press
Publication date:
08/31/2009
Edition description:
New Edition
Pages:
344
Product dimensions:
5.90(w) x 8.90(h) x 1.00(d)

Table of Contents

1. Crises, adjustment, and transitions; 2. Coalitional sources of adjustment and regime survival; 3. Authoritarian support coalitions: comparing Indonesia and Malaysia; 4. Adjustment policy in Indonesia, June 1997–May 1998; 5. Adjustment policy in Malaysia, June 1997–December 1999; 6. Authoritarian breakdown in Indonesia; 7. Authoritarian stability in Malaysia; 8. Cross-national perspectives; 9. Conclusions.

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