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In this book, Xiaoke Zhang addresses two fundamental political and policy questions: why do politicians have heterogeneous incentives to pursue public-regarding policies through capital market reforms and why do they differ in their abilities to initiate and implement market reform policies decisively and resolutely?

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Politics and Capital Market Reforms Political Parties and Reform Processes Variations in Political Party Structures Singapore: Market Reform Success Thailand: Reform Failures amidst Political Changes Malaysia: Mixed Record on Reforms Conclusions and Implications

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XIAOKE ZHANG is Associate Professor in Political Economy and Asian Studies in the School of Politics and International Relations at the University of Nottingham, UK. His major research interests are in comparative and international political economy, with a regional focus on East Asia. He is the author of The Changing Politics of Finance in Korea and Thailand and the co-editor of International Financial Governance under Stress (with Geoffrey R.D. Underhill).

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