The Role of Government in East Asian Economic Development Comparative Institutional Analysis

by Aoki, Masahiko; Kim, Hyung-Ki; Okuno-Fujiwara, Masahiro

• ISBN13: 9780198294917
• ISBN10: 0198294913
• Edition: Reprint
• Format: Paperback
• Copyright: 1998-11-12
• Publisher: Clarendon Press

Summary

This collection of papers stems from a recent World Bank project focused upon the contentious issue of whether government has played any positive role in the success of the so-called "high-performing" Asian economies. It goes beyond the influential World Bank volume The East Asian Miracle to chart a middle ground that recognizes diversity among the different East Asian economies, as well as the evolutionary nature of government intervention.

Table of Contents

Preface	vii	(6)
Contributors	xiii	(2)
Introduction	xv
Masahiko Aoki
Hyung-Ki Kim
Masahiro Okuno-Fujiwara
1 BEYOND THE EAST ASIAN MIRACLE: INTRODUCING THE MARKET-ENHANCING VIEW	1	(40)
Masahiko Aoki
Kevin Murdock
Masahiro Okuno-Fujiwara
PART I MARKET FAILURES AND GOVERNMENT ACTIVISM	41	(122)
2 THE ROLE OF GOVERNMENT IN ECONOMIC DEVELOPMENT: SOME OBSERVATIONS FROM THE EXPERIENCE OF CHINA, HONG KONG, AND TAIWAN	41	(33)
Lawrence J. Lau
3 THE GOVERNMENT-FIRM RELATIONSHIP IN POSTWAR JAPANESE ECONOMIC RECOVERY: RESOLVING THE COORDINATION FAILURE BY COORDINATION IN INDUSTRIAL RATIONALIZATION	74	(27)
Tetsuji Okazaki
4 THE ROLE OF GOVERNMENT IN ACQUIRING TECHNOLOGICAL CAPABILITY: THE CASE OF THE PETROCHEMICAL INDUSTRY IN EAST ASIA	101	(33)
Hyung-Ki Kim
Jun Ma
5 ECONOMIC DEVELOPMENT AS COORDINATION PROBLEMS	134	(29)
Kiminori Matsuyama
PART II THE MARKET-ENHANCING VIEW	163	(116)
6 FINANCIAL RESTRAINT: TOWARD A NEW PARADIGM	163	(45)
Thomas Hellmann
Kevin Murdock
Joseph Stiglitz
7 GOVERNMENT INTERVENTION, RENT DISTRIBUTION, AND ECONOMIC DEVELOPMENT IN KOREA	208	(25)
Yoon Je Cho
8 UNINTENDED FIT: ORGANIZATIONAL EVOLUTION AND GOVERNMENT DESIGN OF INSTITUTIONS IN JAPAN	233	(21)
Masahiko Aoki
9 INSTITUTIONS, STATE ACTIVISM, AND ECONOMIC DEVELOPMENT: A COMPARISON OF STATE-OWNED AND TOWNSHIP-VILLAGE ENTERPRISES IN CHINA	254	(25)
Yingyi Qian
Barry R. Weingast
PART III THE POLITICAL ECONOMY OF DEVELOPMENT AND GOVERNMENT-PRIVATE INTERACTIONS	279	(128)
10 SECTORAL RESOURCE TRANSFER, CONFLICT, AND MACROSTABILITY IN ECONOMIC DEVELOPMENT: A COMPARATIVE ANALYSIS	279	(44)
Juro Teranishi
11 THE POLITICAL ECONOMY OF GROWTH IN EAST ASIA: A PERSPECTIVE ON THE STATE, MARKET, AND IDEOLOGY	323	(19)
Meredith Woo-Cumings
12 RENTS AND DEVELOPMENT IN MULTIETHNIC MALAYSIA	342	(31)
Jomo K. S.
Edmund Terence Gomez
13 TOWARD A COMPARATIVE INSTITUTIONAL ANALYSIS OF THE GOVERNMENT-BUSINESS RELATIONSHIP	373	(34)
Masahiro Okuno-Fujiwara
Index	407