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Finance in a Complex Capitalist Economy: Failures of Global Markets and Developmental States

In: Global Markets and Financial Crises in Asia

Author

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  • Haider A. Khan

    (University of Denver)

Abstract

In this chapter the key question raised is: how can we conceptualize finance in a complex capitalist economy in the aftermath of the Asian financial and economic crises? I start the discussion of this and related issues by posing a simpler empirical question: have the Asian financial and economic crises proved that the Asian model of development (AMD) was wrong? The implications of answers to this question are far-reaching. In the end, the theoretical issues raised by the problem of finance in a complex capitalist economy and the political economy of developmental states will both be implicated in what is an apparently empirical investigation.

Suggested Citation

  • Haider A. Khan, 2004. "Finance in a Complex Capitalist Economy: Failures of Global Markets and Developmental States," Palgrave Macmillan Books, in: Global Markets and Financial Crises in Asia, chapter 5, pages 76-97, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-00079-7_5
    DOI: 10.1057/9780230000797_5
    as

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