Why do some authoritarian regimes topple during financial crises, while others steer through financial crises relatively unscathed? In this book, Thomas B. Pepinsky uses the experiences of Indonesia and Malaysia and the analytical tools of open economy macroeconomics to answer this question. Focusing on the economic interests of authoritarian regimes' supporters, Pepinsky shows that differences…
In the early 1960s, Britain and the United States were still trying to come to terms with the powerful forces of indigenous nationalism unleashed by the Second World War. The Indonesia-Malaysia confrontation--a crisis which was, as Macmillan remarked to Kennedy, 'as dangerous a situation in South East Asia as we have seen since the war'--was a complex test of Anglo-American relations. As Americ…