Asean think tanks, policy change and economic cooperation

From the asian financial crisis to the global financial crisis

Erin Zimmerman, Diane Stone

Research output: Contribution to journalArticle

Abstract

Using discourse institutionalism this article traces how Asian think tanks have provided valuable input for informing and articulating alternative economic narratives in the wake of the 1997 Asian Financial Crisis (AFC) and the Global Financial Crisis (GFC) of 2007–2008. Starting with the AFC, think tanks began to cultivate a move away from dominant western economic policy approaches towards more ‘Asian’-style solutions. These solutions included new policy programmes focused on creating ‘sustainable and balanced’ economic growth and protecting vulnerable populations from the negative impacts of financial downturns. Regulatory and institutional changes reflecting these new narratives helped shelter the Asian financial sector during the GFC a decade later. The GFC also created additional critical junctures permitting think tanks to coordinate new policy solutions concerning financial regulation and foster an emerging regional economic identity.

Original languageEnglish
Pages (from-to)260-275
Number of pages16
JournalPolicy and Society
Volume37
Issue number2
DOIs
Publication statusPublished - 1 Jan 2018

Fingerprint

think tank
economic cooperation
financial crisis
narrative
institutionalism
policy approach
institutional change
Economic Policy
economics
economic growth
regulation
discourse

Cite this

@article{a872fe5eaf7148c18123a2f07b0dca50,
title = "Asean think tanks, policy change and economic cooperation: From the asian financial crisis to the global financial crisis",
abstract = "Using discourse institutionalism this article traces how Asian think tanks have provided valuable input for informing and articulating alternative economic narratives in the wake of the 1997 Asian Financial Crisis (AFC) and the Global Financial Crisis (GFC) of 2007–2008. Starting with the AFC, think tanks began to cultivate a move away from dominant western economic policy approaches towards more ‘Asian’-style solutions. These solutions included new policy programmes focused on creating ‘sustainable and balanced’ economic growth and protecting vulnerable populations from the negative impacts of financial downturns. Regulatory and institutional changes reflecting these new narratives helped shelter the Asian financial sector during the GFC a decade later. The GFC also created additional critical junctures permitting think tanks to coordinate new policy solutions concerning financial regulation and foster an emerging regional economic identity.",
keywords = "ASEAN, Discourse institutionalism, Financial crisis, Policy narrative, Think tanks",
author = "Erin Zimmerman and Diane Stone",
year = "2018",
month = "1",
day = "1",
doi = "10.1080/14494035.2017.1397394",
language = "English",
volume = "37",
pages = "260--275",
journal = "Policy and Society",
issn = "1449-4035",
publisher = "Taylor and Francis Ltd.",
number = "2",

}

Asean think tanks, policy change and economic cooperation : From the asian financial crisis to the global financial crisis. / Zimmerman, Erin; Stone, Diane.

In: Policy and Society, Vol. 37, No. 2, 01.01.2018, p. 260-275.

Research output: Contribution to journalArticle

TY - JOUR

T1 - Asean think tanks, policy change and economic cooperation

T2 - From the asian financial crisis to the global financial crisis

AU - Zimmerman, Erin

AU - Stone, Diane

PY - 2018/1/1

Y1 - 2018/1/1

N2 - Using discourse institutionalism this article traces how Asian think tanks have provided valuable input for informing and articulating alternative economic narratives in the wake of the 1997 Asian Financial Crisis (AFC) and the Global Financial Crisis (GFC) of 2007–2008. Starting with the AFC, think tanks began to cultivate a move away from dominant western economic policy approaches towards more ‘Asian’-style solutions. These solutions included new policy programmes focused on creating ‘sustainable and balanced’ economic growth and protecting vulnerable populations from the negative impacts of financial downturns. Regulatory and institutional changes reflecting these new narratives helped shelter the Asian financial sector during the GFC a decade later. The GFC also created additional critical junctures permitting think tanks to coordinate new policy solutions concerning financial regulation and foster an emerging regional economic identity.

AB - Using discourse institutionalism this article traces how Asian think tanks have provided valuable input for informing and articulating alternative economic narratives in the wake of the 1997 Asian Financial Crisis (AFC) and the Global Financial Crisis (GFC) of 2007–2008. Starting with the AFC, think tanks began to cultivate a move away from dominant western economic policy approaches towards more ‘Asian’-style solutions. These solutions included new policy programmes focused on creating ‘sustainable and balanced’ economic growth and protecting vulnerable populations from the negative impacts of financial downturns. Regulatory and institutional changes reflecting these new narratives helped shelter the Asian financial sector during the GFC a decade later. The GFC also created additional critical junctures permitting think tanks to coordinate new policy solutions concerning financial regulation and foster an emerging regional economic identity.

KW - ASEAN

KW - Discourse institutionalism

KW - Financial crisis

KW - Policy narrative

KW - Think tanks

UR - http://www.scopus.com/inward/record.url?scp=85064111914&partnerID=8YFLogxK

U2 - 10.1080/14494035.2017.1397394

DO - 10.1080/14494035.2017.1397394

M3 - Article

VL - 37

SP - 260

EP - 275

JO - Policy and Society

JF - Policy and Society

SN - 1449-4035

IS - 2

ER -