Autor: Pempel

Two Crises, Different Outcomes examines East Asian policy reactions to the two major crises of the last fifteen years: the global financial crisis of 2008-9 and the Asian financial crisis of 1997-98. …

The Liberal Democratic Party, which dominated postwar Japan, lost power in the early 1990s. During that same period, Japan’s once stellar economy suffered stagnation and collapse. Now a well-known co …