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
     
 

ISBN-10: 0521767938

ISBN-13: 9780521767934

Pub. Date: 08/31/2009

Publisher: Cambridge University Press

Why do some authoritarian regimes topple during financial crises, whereas 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,

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Overview

Why do some authoritarian regimes topple during financial crises, whereas 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 supporters are divided by the mobility of their capital assets, as in Indonesia, they desire mutually incompatible adjustment policies, yielding incoherent adjustment policy followed by regime collapse. When coalitions are not divided by the mobility of their assets, 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, Pepin sky reveals the power of coalitions and capital mobility to explain how financial crises produce regime change.

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Product Details

ISBN-13:
9780521767934
Publisher:
Cambridge University Press
Publication date:
08/31/2009
Edition description:
New Edition
Pages:
344
Product dimensions:
6.20(w) x 9.00(h) x 1.10(d)

Table of Contents

List of Tables

List of Figures

Terms and Abbreviations

1 Crises, Adjustment, and Transitions 1

2 Coalitional Sources of Adjustment and Regime Survival 14

3 Authoritarian Support Coalitions: Comparing Indonesia and Malaysia 40

4 Adjustment Policy in Indonesia, June 1997-May 1998 82

5 Adjustment Policy in Malaysia, June 1997-December 1999 119

6 Authoritarian Breakdown in Indonesia 155

7 Authoritarian Stability in Malaysia 192

8 Cross-National Perspectives 225

9 Conclusions 264

References 279

Index 313

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