The fallout from the crisis in Asia has been immense. Asia's position as the global economy's growth engine is now no longer tenable. As the political and economic regimes that defined 'Asian capitalism' struggle to survive, it is by no means clear whether free markets, transparent and accountable systems of governance and more vigorous civil societies will follow. The contributors to this book argue vigorously that processes of globalization are driven by complex political forces and that it is not enough to look at economic factors in isolation.
Chapters focus on the different political and market forces being forged in the wake of the crisis.
They put the crisis in its global context, reassessing its impact on the configurations of power and interest shaping global markets and analysing the role of the IMF, the World Bank and the governments and financial institutions of the major Western Economies. It covers the print media, broadcast radio and television, computers and the internet, videos, films, and music. M edia, Culture and Politics in Indonesia explains what has escaped state control, not only by self-conscious resistance, but also because of the ownership patterns, technologies, and modes of consumption of media texts and institutions. The role of the media in the collapse of Suharto is examined and the legacy of his New Order is analysed. This report reveals a fairly strong separation between the local Australian students and the international, mostly Asian, students.