Crisis and US economy (fwd)

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Clifford, Matthew, Barkley, thanks for the citations. they are very
useful. Actually, Kindleberg's _World in Depression 1929_ is a mandatory
reading in IPE course here, but I was not specifically occupied with some
of his other writings such as Financial history of the West or Maniacs and
Panics..Particulary, I have found John Kenneth Galbraith's writings on
intenational economic disorder quite useful in terms of providing
a preliminary background to the issue i am struggling to deal with.

btw, Cliford, Turkey is in the semi-periphery, not in the periphery of
the world system. You were right, I thought you had semi-periphery in your
mind. World System people generally classify southern europe as a semi-
peripheral zone. For this, you may like to see  Giovannin Arrighi's "The
Stratification of the World Economy: An Exploration of the Semiperipheral
Zone", _Review_ (Journal of Fernand Braudel Center) 1986, 10, 1, summer
9-74.

now, let me ask an entirely diffrent question to the list!

Do you think that the South Asian financial crisis had a really
significant impact on the performance of US economy and domestic
capitalist classes (with respect to business investment, profit, bank
capital etc..)? there is a general preoccupation that the US economy
became immune to crisis after 1980s because of the rapid economic growth
and recent technological innovations. so it seems interesting to look at
the  hows and whys of this stability in a core economic power like the US.
for this reason, do you think that the South asian crisis is "worth
comparing" to the stock market collapse of 1929 interms of understanding
the US business response to these two comparatively? The only disadvantage
is that there is a huge time difference between these two crises, so there
may have been other factors in the political economies of these periods
that may not be simply attributable to crises per se. So it may seem
obvious that they are different because of entirely different
circumstances and political economies. I want to make sure if my
comparison of 1997 and 1929 methodologically and theoretically makes sense
or not.

what do you think?

thanx...

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