Institutions for Economic Reform in Asia

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  • Edition: 1st
  • Format: Hardcover
  • Copyright: 2009-10-02
  • Publisher: Routledge
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In the same way that no economy starts out with the best set of economic policies, no economy starts out with the best institutions to support the policy-making process. Instead, they inherit institutions that reflect their own unique culture and history. The task of structural reform has to be addressed, therefore, in the context of domestic economic and political institutions and processes. Examining the nature of structural economic reform and the institutional circumstances in which it succeeds or is inhibited, this volume is less about the content of structural reform and more about how to get there. The chapters develop principles governing the types of institutions that are likely to assist the structural reform process, and then examine the application of those principles within a number of case studies. Finally, the volume presents some ideas about how regional cooperation could help to build and support those institutions that in turn support domestic structural reforms. Consisting of theoretical chapters and country specific case studies, this book draws on experience with structural reform across a range of Asian economies at different stages of economic development. As such it will be of interest to students and scholars of Asian Economics and Development Economics.

Table of Contents

List of illustrationsp. xi
Notes on contributorsp. xiii
Prefacep. xv
List of abbreviationsp. xvi
Introductionp. 1
What is structural reform?p. 6
Possible elements of a reform agendap. 12
The role of institutions in structural reformp. 36
Accelerating economic reform in Japan: the role of the Council on Economic and Fiscal Policyp. 53
The policy determinants of structural reform in Australiap. 63
The policy development process and the agenda for effective institutions in the Philippinesp. 88
Economic reforms in Indonesia after the economic crisisp. 106
Enhancing institutions and improving regulation: the Malaysian casep. 121
Gridlock: regulatory regimes in the Thai passenger transport sectorp. 145
Institutional changes for private sector development in Vietnamp. 165
China's economic reform: success, problems and challengesp. 195
A strategy for regional cooperation to promote structural reformp. 212
Appendixp. 218
Bibliographyp. 220
Indexp. 229
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