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• W2182060147 abstract "Lawrence Summers, Deputy Secretary of the Treasury Speech to Summit of the Eight, Denver, June 10, 1997 The Asian crisis, and the crises that followed in Russia and Brazil elicited strong prescriptions for therapy from international organizations, such as the IMF and the World Bank, and forceful recommendations from US Treasury Department of®cials and many of the world's leading economists. The principal area identi®ed for reform was ®scal fundamentals. Surprisingly, disagreements among the organizations and experts about what should be done were signi®cant, and often sharply worded and loudly voiced. `Control corruption' was a second prescription for the nations in crisis. Here there was widespread agreement among the leading commentators and actors, almost all of whom were Americans, and shared the American anathema ± some would say prissiness ± to corrupt practices. Corruption and cronyism were frequently identi®ed as underlying causes of the crisis in the troubled economies. A number of the same sorts of ®rm-government, ®rm-bank, or ®rm-®rm relationships that were previously described as critical ingredients of social capital, or were portrayed metaphorically as the engine of the East Asian growth, Japan and the World Economy 11 (1999) 443±454" @default.
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• W2182060147 date "1999-01-01" @default.
• W2182060147 modified "2023-10-17" @default.
• W2182060147 title "Dark deals and dampened destinies: corruption and economic performance" @default.
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