R&L Logo R&L Logo
  • GENERAL
    • Browse by Subjects
    • New Releases
    • Coming Soon
    • Chases's Calendar
  • ACADEMIC
    • Textbooks
    • Browse by Course
    • Instructor's Copies
    • Monographs & Research
    • Reference
  • PROFESSIONAL
    • Education
    • Intelligence & Security
    • Library Services
    • Business & Leadership
    • Museum Studies
    • Music
    • Pastoral Resources
    • Psychotherapy
  • FREUD SET
Cover Image
Paperback
share of facebook share on twitter
Add to GoodReads

The Neglected Impact of Non-Economic Factors on the Development of Financial Crises and Governmental Responses

The Mexican and Malaysian Cases of the 1990s

Fahrettin Sumer

Foreword by Donald J. Puchala, Ph.D.

This book considers how a financial crisis develops and how a government responds to a financial crisis. In an attempt to shed light on these questions, it closely examines two cases: Mexico during the Mexican Peso Crisis of 1994 to 1995 and Malaysia during the Asian Financial Crisis of 1997 to 1998. Sümer argues that economic explanations of financial crises fail to fully answer these questions since they do not pay enough attention to non-economic factors stemming from a county's political, societal, institutional and external contexts. The examination of the Mexico and Malaysia cases illustrates this argument and shows that multiple non-economic factors—domestic political, societal, institutional, psychological, and ideological factors as well as external influences and pressures—can play roles as significant as economic factors. Interplay of these non-economic factors with economic ones brought these financial crises and shaped the Mexican and the Malaysian governments' policy behaviors.
  • Details
  • Details
  • Author
  • Author
  • TOC
  • TOC
  • Reviews
  • Reviews
University Press of America
Pages: 256 • Trim: 6¼ x 9⅛
978-0-7618-5646-7 • Paperback • December 2011 • $48.99 • (£38.00)
Subjects: Business & Economics / Development / Economic Development, Business & Economics / General, Business & Economics / Economic Conditions, Business & Economics / International / General
Fahrettin Sümer earned his M.A. degree in political science from Rutgers University and his Ph.D. in international studies from the University of South Carolina. During his doctoral training in the Department of Government and International Studies (currently the Department of Political Science), he earned a second M.A. degree in economics from the Moore School of Business at the same university. Since completion of his Ph.D. in 2003, he has published several articles and taught multiple international relations, comparative politics, and economics courses in South Carolina and Virginia. He has recently taught international studies and comparative politics courses at Virginia Commonwealth University. His research interests include the causes and implications of globalization, financial crises and governmental responses, international political economy, international conflict, and international integration.
Preface
Foreword
Acronyms
Chapter I: About the Book
Chapter II: The Economic Explanations of Financial Crises and of Governmental Responses
Chapter III: The Shortcomings of the Economic Explanations: The Mexican Case
Chapter IV: The Impact of Non-Economic Factors: The Mexican Case
Chapter V: The Shortcomings of the Economic Explanations: The Malaysian Case
Chapter VI: The Impact of Non-Economic Factors: The Malaysian Case
Chapter VII: Financial Crises, Non-Economic Factors, and Governmental Responses
Appendix A: Mexico's Historical Background
Appendix B: Malaysia's Historical Background
Appendix C: Mexico's Economic Indicators in the Late 1980s and 1990s
Appendix D: Malaysia's Economic Indicators in Comparison with Some Asian Countries in the 1990s
Bibliography
Index

This perceptive study by Fahrettin Sümer could not have been completed at a more propitious time. As the world in 2010 haltingly recovers from the worst economic crisis since the Great Depression, Dr. Sümer significantly extends our understanding of why such crises periodically humble global capitalism.
— Donald J. Puchala, Ph.D., Department of Political Science, University of South Carolina


The Neglected Impact of Non-Economic Factors on the Development of Financial Crises and Governmental Responses

The Mexican and Malaysian Cases of the 1990s

Cover Image
Paperback
Summary
Summary
  • Foreword by Donald J. Puchala, Ph.D.

    This book considers how a financial crisis develops and how a government responds to a financial crisis. In an attempt to shed light on these questions, it closely examines two cases: Mexico during the Mexican Peso Crisis of 1994 to 1995 and Malaysia during the Asian Financial Crisis of 1997 to 1998. Sümer argues that economic explanations of financial crises fail to fully answer these questions since they do not pay enough attention to non-economic factors stemming from a county's political, societal, institutional and external contexts. The examination of the Mexico and Malaysia cases illustrates this argument and shows that multiple non-economic factors—domestic political, societal, institutional, psychological, and ideological factors as well as external influences and pressures—can play roles as significant as economic factors. Interplay of these non-economic factors with economic ones brought these financial crises and shaped the Mexican and the Malaysian governments' policy behaviors.
Details
Details
  • University Press of America
    Pages: 256 • Trim: 6¼ x 9⅛
    978-0-7618-5646-7 • Paperback • December 2011 • $48.99 • (£38.00)
    Subjects: Business & Economics / Development / Economic Development, Business & Economics / General, Business & Economics / Economic Conditions, Business & Economics / International / General
Author
Author
  • Fahrettin Sümer earned his M.A. degree in political science from Rutgers University and his Ph.D. in international studies from the University of South Carolina. During his doctoral training in the Department of Government and International Studies (currently the Department of Political Science), he earned a second M.A. degree in economics from the Moore School of Business at the same university. Since completion of his Ph.D. in 2003, he has published several articles and taught multiple international relations, comparative politics, and economics courses in South Carolina and Virginia. He has recently taught international studies and comparative politics courses at Virginia Commonwealth University. His research interests include the causes and implications of globalization, financial crises and governmental responses, international political economy, international conflict, and international integration.
Table of Contents
Table of Contents
  • Preface
    Foreword
    Acronyms
    Chapter I: About the Book
    Chapter II: The Economic Explanations of Financial Crises and of Governmental Responses
    Chapter III: The Shortcomings of the Economic Explanations: The Mexican Case
    Chapter IV: The Impact of Non-Economic Factors: The Mexican Case
    Chapter V: The Shortcomings of the Economic Explanations: The Malaysian Case
    Chapter VI: The Impact of Non-Economic Factors: The Malaysian Case
    Chapter VII: Financial Crises, Non-Economic Factors, and Governmental Responses
    Appendix A: Mexico's Historical Background
    Appendix B: Malaysia's Historical Background
    Appendix C: Mexico's Economic Indicators in the Late 1980s and 1990s
    Appendix D: Malaysia's Economic Indicators in Comparison with Some Asian Countries in the 1990s
    Bibliography
    Index

Reviews
Reviews
  • This perceptive study by Fahrettin Sümer could not have been completed at a more propitious time. As the world in 2010 haltingly recovers from the worst economic crisis since the Great Depression, Dr. Sümer significantly extends our understanding of why such crises periodically humble global capitalism.
    — Donald J. Puchala, Ph.D., Department of Political Science, University of South Carolina


ALSO AVAILABLE

  • Cover image for the book Realizing Africa's Potential: A Journey to Prosperity
  • Cover image for the book Unlocking Africa's Business Potential: Trends, Opportunities, Risks, and Strategies
  • Cover image for the book Groups in Context: A New Perspective on Group Dynamics
  • Cover image for the book Dance of the Trillions: Developing Countries and Global Finance
  • Cover image for the book Declining Inequality in Latin America: A Decade of Progress?
  • Cover image for the book From Summits to Solutions: Innovations in Implementing the Sustainable Development Goals
  • Cover image for the book Africa through an Economic Lens
  • Cover image for the book Cooperatives in the Global Economy
  • Cover image for the book Leave No One Behind: Time for Specifics on the Sustainable Development Goals
  • Cover image for the book The Disempowered Development of Tibet in China: A Study in the Economics of Marginalization
  • Cover image for the book Breakthrough: The Promise of Frontier Technologies for Sustainable Development
  • Cover image for the book The Economic Theory of Developing Countries' Rise: Explaining the Myth of Rapid Economic Growth in China
  • Cover image for the book Money and Capital in Economic Development
  • Cover image for the book To Get Rich Is Glorious: Challenges Facing China’s Economic Reform and Opening at Forty
  • Cover image for the book Food and Farm: Current Debates and Policies
  • Cover image for the book Finance for Development: Latin America in Comparative Perspective
  • Cover image for the book The Political Economy of Economic Performance: Sub-Saharan Africa before the Global Recession and the Way Forward
  • Cover image for the book Regional Financial Cooperation
  • Cover image for the book Creative Communities: Art Works in Economic Development
  • Cover image for the book Transforming East Asia: The Evolution of Regional Economic Integration
  • Cover image for the book Climate Change and Global Poverty: A Billion Lives in the Balance?
  • Cover image for the book Sharing Power: Public Governance and Private Markets
  • Cover image for the book Organizing U.S. Foreign Aid: Confronting the Challenges of the Twenty-First Century
  • Cover image for the book The Future of Domestic Capital Markets in Developing Countries
  • Cover image for the book Global Trade and Poor Nations: The Poverty Impacts and Policy Implications of Liberalization
  • Cover image for the book Global Development 2.0: Can Philanthropists, the Public, and the Poor Make Poverty History?
  • Cover image for the book Transforming the Development Landscape: The Role of the Private Sector
  • Cover image for the book The Imperative of Development: The Wolfensohn Center at Brookings
  • Cover image for the book American Science Policy since World War II
  • Cover image for the book Rethinking the Development Experience: Essays Provoked by the Work of Albert O. Hirschman
  • Cover image for the book Tax Incentives and Economic Growth
  • Cover image for the book Entrepreneurship in Micro-Enterprises: A Strategic Analysis of Manufacturing Industries in Kenya: Textiles, Woodwork, and Metalwork
  • Cover image for the book Understanding and Analyzing Competitive Dynamics: Methods, Processes, and Applications to a Regional Setting
  • Cover image for the book Reforming Planned Economies in an Integrating World Economy
  • Cover image for the book Global Benchmarks: Comprehensive Measures of Development
  • Cover image for the book New Perspectives on Economic Growth and Technological Innovation
  • Cover image for the book Understanding Africa: A Political Economy Perspective
  • Cover image for the book U.S. Development Policy in an Aging World: New Challenges and New Priorities for a New Demographic Era
  • Cover image for the book Building Sustainable Communities: Tools and Concepts for Self-Reliant Economic Change
  • Cover image for the book Realizing Africa's Potential: A Journey to Prosperity
  • Cover image for the book Unlocking Africa's Business Potential: Trends, Opportunities, Risks, and Strategies
  • Cover image for the book Groups in Context: A New Perspective on Group Dynamics
  • Cover image for the book Dance of the Trillions: Developing Countries and Global Finance
  • Cover image for the book Declining Inequality in Latin America: A Decade of Progress?
  • Cover image for the book From Summits to Solutions: Innovations in Implementing the Sustainable Development Goals
  • Cover image for the book Africa through an Economic Lens
  • Cover image for the book Cooperatives in the Global Economy
  • Cover image for the book Leave No One Behind: Time for Specifics on the Sustainable Development Goals
  • Cover image for the book The Disempowered Development of Tibet in China: A Study in the Economics of Marginalization
  • Cover image for the book Breakthrough: The Promise of Frontier Technologies for Sustainable Development
  • Cover image for the book The Economic Theory of Developing Countries' Rise: Explaining the Myth of Rapid Economic Growth in China
  • Cover image for the book Money and Capital in Economic Development
  • Cover image for the book To Get Rich Is Glorious: Challenges Facing China’s Economic Reform and Opening at Forty
  • Cover image for the book Food and Farm: Current Debates and Policies
  • Cover image for the book Finance for Development: Latin America in Comparative Perspective
  • Cover image for the book The Political Economy of Economic Performance: Sub-Saharan Africa before the Global Recession and the Way Forward
  • Cover image for the book Regional Financial Cooperation
  • Cover image for the book Creative Communities: Art Works in Economic Development
  • Cover image for the book Transforming East Asia: The Evolution of Regional Economic Integration
  • Cover image for the book Climate Change and Global Poverty: A Billion Lives in the Balance?
  • Cover image for the book Sharing Power: Public Governance and Private Markets
  • Cover image for the book Organizing U.S. Foreign Aid: Confronting the Challenges of the Twenty-First Century
  • Cover image for the book The Future of Domestic Capital Markets in Developing Countries
  • Cover image for the book Global Trade and Poor Nations: The Poverty Impacts and Policy Implications of Liberalization
  • Cover image for the book Global Development 2.0: Can Philanthropists, the Public, and the Poor Make Poverty History?
  • Cover image for the book Transforming the Development Landscape: The Role of the Private Sector
  • Cover image for the book The Imperative of Development: The Wolfensohn Center at Brookings
  • Cover image for the book American Science Policy since World War II
  • Cover image for the book Rethinking the Development Experience: Essays Provoked by the Work of Albert O. Hirschman
  • Cover image for the book Tax Incentives and Economic Growth
  • Cover image for the book Entrepreneurship in Micro-Enterprises: A Strategic Analysis of Manufacturing Industries in Kenya: Textiles, Woodwork, and Metalwork
  • Cover image for the book Understanding and Analyzing Competitive Dynamics: Methods, Processes, and Applications to a Regional Setting
  • Cover image for the book Reforming Planned Economies in an Integrating World Economy
  • Cover image for the book Global Benchmarks: Comprehensive Measures of Development
  • Cover image for the book New Perspectives on Economic Growth and Technological Innovation
  • Cover image for the book Understanding Africa: A Political Economy Perspective
  • Cover image for the book U.S. Development Policy in an Aging World: New Challenges and New Priorities for a New Demographic Era
  • Cover image for the book Building Sustainable Communities: Tools and Concepts for Self-Reliant Economic Change
facebook icon twitter icon instagram icon linked in icon NEWSLETTERS
ABOUT US
  • Mission Statement
  • Employment
  • Privacy
  • Accessibility Statement
CONTACT
  • Company Directory
  • Publicity and Media Queries
  • Rights and Permissions
  • Textbook Resource Center
AUTHOR RESOURCES
  • Royalty Contact
  • Production Guidelines
  • Manuscript Submissions
ORDERING INFORMATION
  • Rowman & Littlefield
  • National Book Network
  • Ingram Publisher Services UK
  • Special Sales
  • International Sales
  • eBook Partners
  • Digital Catalogs
IMPRINTS
  • Rowman & Littlefield
  • Lexington Books
  • Hamilton Books
  • Applause Books
  • Amadeus Press
  • Backbeat Books
  • Bernan
  • Hal Leonard Books
  • Limelight Editions
  • Co-Publishing Partners
  • Globe Pequot
  • Down East Books
  • Falcon Guides
  • Gooseberry Patch
  • Lyons Press
  • Muddy Boots
  • Pineapple Press
  • TwoDot Books
  • Stackpole Books
PARTNERS
  • American Alliance of Museums
  • American Association for State and Local History
  • Brookings Institution Press
  • Center for Strategic & International Studies
  • Council on Foreign Relations
  • Fairleigh Dickinson University Press
  • Fortress Press
  • The Foundation for Critical Thinking
  • Lehigh University Press
  • United States Holocaust Memorial Museum
  • Other Partners...