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页数:22页
时间:2018-02-09
《a nested game approach to political and economic liberalization in democratizing states》由会员上传分享,免费在线阅读,更多相关内容在工程资料-天天文库。
1、InternationalStudiesQuarterly~2002!46,401±422.ANestedGameApproachtoPoliticalandEconomicLiberalizationinDemocratizingStates:TheCaseofSouthKoreaNealG.JesseBowlingGreenStateUniversityUkHeoUniversityofWisconsin-MilwaukeeKarlDeRouen,Jr.UniversityofCanterburySouthKoreaenjoyedhighratesofecono
2、micgrowthuntilthemid-1990s.Howeverinmid-1997thecountrywentintoasevereeconomiccrisiswhichultimatelyresultedinarequestforanIMFbailout.Leadinguptothecrisis,thegovernmenthadembarkedupondemocraticliber-alizationbutnotmucheconomicliberalization.Thisresearchexploreswhythegovernmentwouldlaythe
3、foundationforpoliticalreformwith-outcreatinginstitutionscapableofimposingeconomicreformonthepoliticallypowerfulbusinesssector.Theabsenceofsuchinstitutionsputthegovernmentinapositionwhereitcouldnotrespondtotheemerg-ingeconomiccrisis.Thegovernment'sinabilitytoacterodeditsownpositionofpow
4、erandgovernance.Fromthisperspective,thegovern-ment'sinattentiontoeconomicreformappearsirrationalasitledtoaweakeningofitsownposition.Webuildamodelofpoliticalandeco-nomicliberalizationshowingthatthegovernmentwasengagedinnestedgames~i.e.,gamesinmultiplearenas!withthepoliticalopposition,th
5、elaborunions,andthepowerfulbusinesssector.Wedevelopanargu-mentthatstrong,antiliberaleconomicactorscreateincentiveforthegovernmentinademocratizingstatetorefrainfromeconomicliberal-ization,evenwhilemovingforwardwithdemocraticliberalization.Fromtheearly1960stothemid-1990sKoreaenjoyedpheno
6、menaleconomicgrowth~Root,1999!.However,growtheventuallyslowedandin1997SouthKoreawaswrackedbyaforeignexchangecrisisthatforcedittorequestanInternationalMonetaryFund~IMF!bailout.Thecrisisledadozeninternationalbankstoextendthetermsof$15billioninshort-termloanstoKoreanfinancialinstitutions~
7、DigitalChosunIlbo,December30,1997!.Themostimmediatecauseofthecrisiswastheexcessivedollardenominatedshort-termloansandtheshortageofforeignexchangereserves~NewYorkTimes,January8,1998!.TheAuthors'note:TheauthorswouldliketothankKatieDilworth,AngelaWhitely,StephanieWhitelyandAmieWynnforva
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