Looks at the secularisation of thrift through the influence of Benjamin
Franklin, and his belief that one can work one’s way into heaven; in other
words that salvation can be earned. Explores Victorian writers such as
Wharton and Dickens, as well as Samuel Smiles and his emphasis on individual
responsibility and self-improvement. Finally, compares today’s austerity
policies and emphasis on household economia to Victorian thinking and the
influence of Disraeli’s One Nationism.
This introduction presents an overview of the key concepts discussed in the subsequent chapters of this book. The book presents the case studies of the individual countries: Thailand, Indonesia, South Korea and the People's Republic of China (PRC). It examines the factors behind the financial crisis and highlights the underlying similarities and the fundamental differences between the individual cases. The book provides a review of the competing perspectives on the new international financial architecture. It explains a number of fundamental issues and its implications for the emerging market economies. The book also presents a more nuanced picture of the International Monetary Fund's (IMF) policies and its socioeconomic impact. It assesses the IMF's efforts to reduce moral hazard. The book also examines the reasons behind Asia's remarkable economic recovery and the challenges that lie ahead.