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This book provides a sweeping, up-to-date, and boldly critical account of the financial crises that rocked East Asia and other parts of the world beginning with the collapse of the Thai baht in 1997. Retracing the story of Asia's "Crisis Five"--Indonesia, Malaysia, South Korea, the Philippines, and Thailand--Padma Desai argues that the region's imprudently fast-paced opening to the free flow of capital was pushed by determined advocates, official and private, in the global economy's U.S.-led developed center. Turmoil ensued in these peripheral economies, the Russian ruble faltered, and...

This book provides a sweeping, up-to-date, and boldly critical account of the financial crises that rocked East Asia and other parts of the world beginning with the collapse of the Thai baht in 1997. Retracing the story of Asia's "Crisis Five"--Indonesia, Malaysia, South Korea, the Philippines, and Thailand--Padma Desai argues that the region's imprudently fast-paced opening to the free flow of capital was pushed by determined advocates, official and private, in the global economy's U.S.-led developed center. Turmoil ensued in these peripheral economies, the Russian ruble faltered, and...

Desai follows with an analysis of stress...

Mikhail Gorbachev's perestroika is a historic effort at restructuring the troubled Soviet economy. Wide-ranging in scope, harnessed with cultural and political reforms, it raises intriguing and important questions: Are Gorbachev's ideas different from the Kosygin-Brezhnev reform of 1965 that came to naught? What kinds of problems do the Russians have in understanding the market system? Who opposes perestroika? Do Gorbachev's proposals threaten his own future as Soviet leader? How does perestroika relate to a more general environment of openness, of glasnost? What happened at the June 1988...

Mikhail Gorbachev's perestroika is a historic effort at restructuring the troubled Soviet economy. Wide-ranging in scope, harnessed with cultural and political reforms, it raises intriguing and important questions: Are Gorbachev's ideas different from the Kosygin-Brezhnev reform of 1965 that came to naught? What kinds of problems do the Russians have in understanding the market system? Who opposes perestroika? Do Gorbachev's proposals threaten his own future as Soviet leader? How does perestroika relate to a more general environment of openness, of glasnost? What happened at the June 1988...