| Abstrakt: |
The paper takes a globalizing world, characterized by increasing flows between multiple and diverse centers, as the context for the Asian crisis. It seeks to identify problems of articulation between different ways of integrating capitalist operations, conceptualized in a tripartite schema of hierarchical plan, anonymous market, and horizontal networks. Each ofthe three has different requirements for effective functioning, different strengths and weaknesses, and they are all likely to degenerate or collapse in different ways. All three, in changing proportions, contributed to Asia's so-called economic miracle, but although there is everywhere co-existence and compromise between them, the synergy is unstable. The authors argue that a rapid change in the balance, caused by increasing flows ofhot money, produced a disjuncture at the interface and an escalating crisis. The paper focuses in particular on the personalized networks ofdiaspora Chinese capitalism, and concludes with some suggestions and preliminary evidence about their prospects in the aftermath of the crisis. [ABSTRACT FROM PUBLISHER] |
