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Richard Locke. Mousavizadeh, Nader Alexander, 1969- Sloan School of Management. Sloan School of Management 2005-06-02T19:05:09Z 2005-06-02T19:05:09Z 2004 http://hdl.handle.net/1721.1/17893 56668141 Thesis (M.B.A.)--Massachusetts Institute of Technology, Sloan School of Management, 2004. "June 2004." Includes bibliographical references (leaves 82-86). Sovereignty today is conditional, compromised and contractual in ways that require a reassessment of the doctrine of sovereignty in an era of globalization and global capital markets. Taking as a case study Indonesia during its financial crisis in 1997-1998, this thesis explores the sovereign ability of a state such as Indonesia to act effectively and independently in its own economic interest in a crisis. The argument of this thesis that sovereignty today is conditional, compromised and contractual to an unprecedented degree rests on two pillars: first, that a universal awareness of human rights increasingly has imposed a contract on sovereign leaders demanding, as a condition for the right to sovereign non-interference, that they respect the most fundamental human rights of their citizens. Second, as the case of Indonesia will demonstrate, that in the global economy where contagion is a real and dangerous phenomenon, countries must accept IMF conditionality or find themselves cut off not only from assistance from the International Financial Institutions but, more importantly, from private investors whose loss of confidence in an economy can trigger a serious financial crises with severe long-term consequences for the society as a whole. by Nader Alexander Mousavizadeh. M.B.A. 86 leaves 4356401 bytes 4356208 bytes application/pdf application/pdf eng Massachusetts Institute of Technology M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. http://dspace.mit.edu/handle/1721.1/7582 Sloan School of Management. Sovereignty and intervention in financial crises Thesis application/pdf false Publication unknown unknown <Publication xmlns="https://www.openaire.eu/cerif-profile/1.1/" id="076480a7-0e60-4729-afac-f63115328b1b"> <Type xmlns="https://www.openaire.eu/cerif-profile/vocab/COAR_Publication_Types">http://purl.org/coar/resource_type/c_1843</Type> <Language>eng</Language> <Title>Sovereignty and intervention in financial crises</Title> <PublishedIn> <Publication> </Publication> </PublishedIn> <PublicationDate>2004</PublicationDate> <Authors> <Author> <DisplayName>Mousavizadeh, Nader Alexander, 1969-</DisplayName> <Affiliation> <OrgUnit> </OrgUnit> </Affiliation> </Author> </Authors> <Editors> </Editors> <Publishers> <Publisher> <DisplayName>Massachusetts Institute of Technology</DisplayName> <OrgUnit /> </Publisher> </Publishers> <License>http://dspace.mit.edu/handle/1721.1/7582</License> <Keyword>Sloan School of Management.</Keyword> <Abstract>Sovereignty today is conditional, compromised and contractual in ways that require a reassessment of the doctrine of sovereignty in an era of globalization and global capital markets. Taking as a case study Indonesia during its financial crisis in 1997-1998, this thesis explores the sovereign ability of a state such as Indonesia to act effectively and independently in its own economic interest in a crisis. The argument of this thesis that sovereignty today is conditional, compromised and contractual to an unprecedented degree rests on two pillars: first, that a universal awareness of human rights increasingly has imposed a contract on sovereign leaders demanding, as a condition for the right to sovereign non-interference, that they respect the most fundamental human rights of their citizens. Second, as the case of Indonesia will demonstrate, that in the global economy where contagion is a real and dangerous phenomenon, countries must accept IMF conditionality or find themselves cut off not only from assistance from the International Financial Institutions but, more importantly, from private investors whose loss of confidence in an economy can trigger a serious financial crises with severe long-term consequences for the society as a whole.</Abstract> <Access xmlns="http://purl.org/coar/access_right" > </Access> </Publication>