Commercial Power Centers in Emerging Markets.
Abstract
The influence of selected commercial power centers (CPCs) in emerging markets matters for both what analysts look at and how they view those new targets. Asia's financial crisis, which struck as this project was in its final stages, drove home that lesson in spades. All the countries examined-Mexico, Turkey, China and Indonesia-are in transition; all are attempting in varying degrees to implement what might broadly be called "market reforms"-shrinking subsidies to state-owned enterprises (SOEs), stabilizing their currencies, and opening their economies to foreign competition. In each case, the process is producing winners and losers even as it alters the rules of the economic game and thus changes the balance of power in domestic politics. Older frames of reference for understanding those nations nominated by single institutions, like the army, or single families, perhaps conflated with state authority, or through "deals" among a small elite are less useful in characterizing or explaining the policy process. Policymaking and policies are becoming less the exclusive purview of governments and more the outcome of a complex process in which diverse groups participate actively, with varying degrees of influence. Thus, the emphasis on a new method using CPCs as the unit of analysis.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jan 01, 1998
- Accession Number
- ADA351099
Entities
People
- Charles Wolf, Jr
- Gregory F. Treverton
- Hugh P. Levaux
Organizations
- RAND Corporation