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Post-Asian financial crisis reforms: an emerging new embedded-relational governance model

Author

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  • Janice Loftus
  • John Purcell

Abstract

The late 1980s and early 1990s saw rapid economic growth and subjugation of social policy and environmental concerns, as development was driven through the corporate and financial sectors in East and Southeast Asian economies, fuelled by free market reforms as societies edged towards neo-liberalism. The Asian financial crisis was the catalyst for the emergence of a new embedded-relational governance model, which emphasises the social and environmental dimensions of the welfare state, while relying on decentralised civil society initiatives and business self-regulation in implementing corporate social responsibility. This study focuses on corporate governance and financial system reforms introduced in the aftermath of the Asian financial crisis.

Suggested Citation

  • Janice Loftus & John Purcell, 2008. "Post-Asian financial crisis reforms: an emerging new embedded-relational governance model," Accounting History Review, Taylor & Francis Journals, vol. 18(3), pages 335-355.
    • Handle: RePEc:taf:acbsfi:v:18:y:2008:i:3:p:335-355
    DOI: 10.1080/09585200802383455
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    Cited by:

    1. Nicola Jones & Hannah Marsden, 2010. "Assessing the Impacts of and Response to the 1997-98 Asian Financial Crisis through a Child Rights Lens," Working papers 1002, UNICEF,Division of Policy and Strategy.

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