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The Hollow Within: anxiety and performing postcolonial financial policies

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  • Maureen Sioh

Abstract

In 1997–98 East and Southeast Asia experienced a region-wide financial crisis that saw national currencies lose 75 per cent of their value and stock markets wiped out. The financial crisis became an antagonistic and racialised referendum on Asian values between certain Asian governments and their Western critics. What was the larger political significance of this focus on Asian values? Focusing on the Malaysian government's controversial decision to go against the international financial community by implementing capital controls during the crisis, I argue that the debate over Asian values can be understood as performances to challenge and psychologically defend the conventional hierarchy of international relations that followed its symbolic disruption through the economic success of the regional economies before the crisis.

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  • Maureen Sioh, 2010. "The Hollow Within: anxiety and performing postcolonial financial policies," Third World Quarterly, Taylor & Francis Journals, vol. 31(4), pages 581-597.
    • Handle: RePEc:taf:ctwqxx:v:31:y:2010:i:4:p:581-597
    DOI: 10.1080/01436591003701109
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    Cited by:

    1. Jamie Doucette, 2020. "Anxieties of an emerging donor: The Korean development experience and the politics of international development cooperation," Environment and Planning C, , vol. 38(4), pages 656-673, June.

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