Abstract

Abstract:

Why did Japan, Korea, and Taiwan respond very differently to the recent financial crisis that swept through the region? This article attempts to answer this question by comparing the effects of five institutional variables used by Peter Gourevitch to explain the institutional responses of Western industrialized countries during “hard times”: production profile, intermediate associations, state structure, economic ideology, and the international system. A close analysis reveals that these variables are reasonably successful in explaining the divergence in response to economic crisis by the three countries.

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Additional Information

ISSN
2288-2871
Print ISSN
0258-9184
Pages
pp. 27-58
Launched on MUSE
2021-03-23
Open Access
No
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