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Issues, debates and an overview of the crisis
Shalendra D. Sharma

short-term credit and investment flows. Indeed, the high-performing Asian states’ alleged need to actively mobilize citizens and corporations behind a coherent market-based development strategy became the principal justification of authoritarian rule. Ruling elites and advocates of “Asian democracy” argued that Western-style democracy often leads to undisciplined and disorderly behavior – which are inimical to rapid economic development. On the other hand, a regime insulated from conflicting societal demands and guided by prudent technocratic decisionmaking was seen as

in The Asian financial crisis