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In this book, Xiaoke Zhang addresses two fundamental political and policy questions: why do politicians have heterogeneous incentives to pursue public-regarding policies through capital market reforms and why do they differ in their abilities to initiate and implement market reform policies decisively and resolutely?
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International Political Economy Series General Editor: Timothy M. Shaw, Professor and Director, Institute of International Relations, The University of the West Indies, Trinidad & Tobago Titles include: Pradeep Agrawal, Subir V. Gokarn, Veena Mishra, Kirit S. Parikh and Kunal Sen POLICY REGIMES AND INDUSTRIAL COMPETITIVENESS A Comparative Study of East Asia and India Roderic Alley THE UNITED NATIONS IN SOUTHEAST ASIA AND THE SOUTH PACIFIC Dick Beason and Jason James THE POLITICAL ECONOMY OF JAPANESE FINANCIAL MARKETS Myths versus Reality Mark Beeson COMPETING CAPITALISMS Australia, Japan and Economic Competition in Asia-Pacific Deborah Bräutigam CHINESE AID AND AFRICAN DEVELOPMENT Exporting Green Revolution Shaun Breslin CHINA AND THE GLOBAL POLITICAL ECONOMY Kenneth D. Bush THE INTRA-GROUP DIMENSIONS OF ETHNIC CONFLICT IN SRI LANKA Learning to Read between the Lines Kevin G. Cai THE POLITICAL ECONOMY OF EAST ASIA Regional and National Dimensions THE POLITICS OF ECONOMIC REGIONALISM Explaining Regional Economic Integration in East Asia Steve Chan, Cal Clark and Danny Lam (editors) BEYOND THE DEVELOPMENTAL STATE East Asia’s Political Economies Reconsidered Gregory T. Chin CHINA’S AUTOMOTIVE MODERNIZATION The Party-State and Multinational Corporations Yin-wah Chu (editor) CHINESE CAPITALISMS Historical Emergence and Political Implications Abdul Rahman Embong STATE-LED MODERNIZATION AND THE NEW MIDDLE CLASS IN MALAYSIA Dong-Sook Shin Gills RURAL WOMEN AND TRIPLE EXPLOITATION IN KOREAN DEVELOPMENT Jeffrey Henderson (editor) INDUSTRIAL TRANSFORMATION IN EASTERN EUROPE IN THE LIGHT OF THE EAST ASIAN EXPERIENCE Takashi Inoguchi GLOBAL CHANGE A Japanese Perspective Dominic Kelly JAPAN AND THE RECONSTRUCTION OF EAST ASIA L. H. M. Ling POSTCOLONIAL INTERNATIONAL RELATIONS Conquest and Desire between Asia and the West Pierre P. Lizée PEACE, POWER AND RESISTANCE IN CAMBODIA Global Governance and the Failure of International Conflict Resolution S. Javed Maswood JAPAN IN CRISIS Ananya Mukherjee Reed PERSPECTIVES ON THE INDIAN CORPORATE ECONOMY Exploring the Paradox of Profits CORPORATE CAPITALISM IN CONTEMPORARY SOUTH ASIA (editor) Conventional Wisdoms and South Asian Realities Cecilia Ng POSITIONING WOMEN IN MALAYSIA Class and Gender in an Industrializing State Fahimul Quadir and Jayant Lele (editors) DEMOCRACY AND CIVIL SOCIETY IN ASIA: VOLUME 1 Globalization, Democracy and Civil Society in Asia DEMOCRACY AND CIVIL SOCIETY IN ASIA: VOLUME 2 Democratic Transitions and Social Movements in Asia Ian Scott (editor) INSTITUTIONAL CHANGE AND THE POLITICAL TRANSITION IN HONG KONG Mark Turner (editor) CENTRAL–LOCAL RELATIONS IN ASIA–PACIFIC Convergence or Divergence? Ritu Vij JAPANESE MODERNITY AND WELFARE State, Civil Society and Self in Contemporary Japan Fei-Ling Wang INSTITUTIONS AND INSTITUTIONAL CHANGE IN CHINA Premodernity and Modernization Fulong Wu and Chris Webster (editors) MARGINALIZATION IN URBAN CHINA Comparative Perspectives Xiaoke Zhang THE POLITICAL ECONOMY OF CAPITAL MARKET REFORMS IN SOUTHEAST ASIA International Political Economy Series Series Standing Order ISBN 978–0–333–71708–0 hardcover Series Standing Order ISBN 978–0–333–71110–1 paperback (outside North America only) You can receive future titles in this series as they are published by placing a standing order. Please contact your bookseller or, in case of difficulty, write to us at the address below with your name and address, the title of the series and one of the ISBNs quoted above. Customer Services Department, Macmillan Distri