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ASEAN think tanks, policy change and economic cooperation: from the Asian financial crisis to the global financial crisis
[journal article]
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... view more
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.... view less
Keywords
think tank; financial crisis; discourse; scientific institution; university; ASEAN; cooperation; steering; regulation; economic crisis; recession; stabilization policy; economic growth; political consulting; institutionalism; austerity policy; political change
Classification
Economic Policy
International Relations, International Politics, Foreign Affairs, Development Policy
Free Keywords
Verband Südostasiatischer Nationen; Denkfabrik; Institutionenansatz; Politische Beratung; Problemlösungskapazität von Institutionen; Problemlösungskapazität von Organisationen; Steuerungskapazität von Institutionen; Steuerungskapazität von Organisationen; Verhältnis Wissenschaft - Politik; Verhältnis Wissenschaft - Gesellschaft; Regionale Wirtschaftskooperation; Finanzmarktkrise; Wirtschaftliche Entwicklung; Ausgeglichenes Wirtschaftswachstum
Document language
English
Publication Year
2018
Page/Pages
p. 260-275
Journal
Policy and Society, 37 (2018) 2
Issue topic
Think Tanks: The role of policy analysis in an era of austerity
DOI
https://doi.org/10.1080/14494035.2017.1397394
ISSN
1839-3373
Status
Published Version; peer reviewed