Abstract The paper looks at the role of the International Monetary Fund (IMF) and how its policies and oversights made problems worse in Southeast Asia and looks at Korea as an example. The paper looks briefly at the role of "crony capitalism" in Southeast Asia and focuses on Malaysia and Thailand in particular. The paper also examines structural factors, reviews the inherent irrationality of investors and explains the role of capital control regulations and premature liberalization in producing or deepening the crisis. The paper concludes that the IMF must allow developing nations to take matters into their own hands when looking at structural issues, while those countries must develop comprehensive oversight and "firewalls" that reduce cronyism and incompetence.
From the Paper "The causes of the Asian Financial Crisis of 1997 are too numerous to be easily synthesized into one neat capsule. Nonetheless, looking at the matter from afar, it appears as though there was excessive foreign borrowing, far too much over-lending (although it is not clear if this over-lending was domestic, it may be inferred that too much bank capital went towards dubious, speculative ventures) and such an over-reliance upon foreign capital that, when the industrial sector began to slow down, the outflow of foreign capital was utterly debilitating."
From the Paper "This research will examine issue fronts concerning nepotism in the award of contracts or jobs in public administration. The research will set forth the background and context in which nepotism has emerged as an element of public administration and then discuss legal and ethical aspects informing the doling out of jobs and contracts by elected or appointed public officials to their relatives. The principal focus of research will be on small municipalities, but the connections between the vicissitudes of contract awards and other government practices and policies that entail competition for some kind of government funds can be seen in the wider area of affirmative action and minority-group grant and educational set-asides, as well as accompanying regulatory and bureaucratic apparatus.
The achievements of the American civil rights movement of the ..."
Abstract This paper explains that, unlike scholarly works of political science, Chris Matthews in his book "Hardball" employs a highly readable journalistic style and brevity of expression, which will ensure the book's status as a modern-day version of Machiavelli's "The Prince". The paper points out that Matthew's compendium of handy quotes and anecdotes, when applied to the rarefied sphere of politics, tend to carry a considerable amount of truth. The paper also explains that Matthew's book focuses on the highest levels of political power including many case studies of former presidents. The paper then offers of brief biography of US President Bush and applies three of the book's aphorisms to Bush's political career.
From the Paper "Another defining aspect of the Bush presidency is the sanctified doctrine of "it's not who you know; it's who you get to know." In other words, personal relationships are as important - if not more important- than professional competence, diplomatic savvy, and political intelligence. This principle has guided George W. Bush since his days as a baseball league owner, and it continues to do so during these dying days of his presidency: "The lesson is obvious. If you want to do business with someone, don't forget the personal aspect.""
