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

Brossura

ISBN 10: 0198294913 ISBN 13: 9780198294917

Casa editrice: Oxford University Press, 1999

Riassunto

The role of government in East Asian economic development has been a contentious issue. Two competing views have shaped enquiries into the source of the rapid growth of the high-performing Asian economies and attempts to derive a general lesson for other developing economies: the market-friendly view, according to which government intervenes little in the market, and the developmental state view, in which it governs the market. What these views share in common is a conception of market and government as alternative mechanisms for resource allocation. They are distinct only in their judgement of the extent to which market failures have been, and ought to be, remedied by direct government intervention.

This collection of essays suggests a breakthrough, third view: the market-enhancing view. Instead of viewing government and the market as mutually exclusive substitutes, it examines the capacity of government policy to facilitate or complement private sector co-ordination. The book starts from the premiss that private sector institutions have important comparative advantages over government, in particular in their ability to process information available on site. At the same time, it recognizes that the capabilities of the private sector are more limited in developing economies. The market-enhancing view thus stresses the mechanisms whereby government policy is directed at improving the ability of the private sector to solve co-ordination problems and overcome other market imperfections.

In presenting the market-enhancing view, the book recognizes the wide diversity of the roles of government across various East Asian economiesincluding Japan, Korea, Hong Kong, Malaysia, and China and its path-dependent and developmental stage nature.

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Recensione

This volume will certainly gain empathy from those social scientists who are keenly aware of the importance of institutions and histories as key determinants of economic development. The volume is full of new exciting concepts. The Asian perspectives developed in this volume have succeeded in 'disclosing certain limits of the neoclassical approach which evolved primarily in Anglo-American academia' the stated goal of the volume. T.Ozawa - The Journal of East Asian Studies - Vol 58/2

The rich institutional detail contained in the country-specific chapters make it a valuable refernce for students of East Asian development. - Heather Smith - Asian Pacific Economic Literature May 1999

Contenuti

• Masahiko Aoki, HyungKi Kim, and Masahiro Okuno-Fujiwara: Introduction
• 1: Masahiko Aoki, Kevin Murdock, and Masahiro Okuno-Fujiwara: Beyond The East Asian Miracle: Introducing the Market Enhancing View
• PART I. Market Failures and Government Activism
• 2: Lawrence J. Lau: The Role of Government in Economic Development: Some Observations from the Experience of China, Hong Kong, and Taiwan
• 3: Tetsuji Okazaki: The Government-Firm Relationship in Postwar Japanese Economic Recovery: Coordinating the Coordination Failure in Industrial Rationalization
• 4: Hyung-Ki Kim and Jun Ma: The Role of Government in Acquiring Technological Capability: The Case of the Petrochemical Industry in East Asia
• 5: Kiminori Matsuyama: Economic Development as Coordination Problems
• PART II. The Market-enhancing View
• 6: Thomas Hellmann, Kevin Murdock, and Joseph Stiglitz: Financial Restraint: Toward a New Paradigm
• 7: Yoon Je Cho: Government Intervention, Rent Distribution, and Economic Development in Korea
• 8: Masahiko Aoki: Unintended Fit: Organizational Evolution and Government Design of Institutions in Japan
• 9: Yingyi Qian and Barry R. Weingast: Institutions, State Activism, and Economic Development: A Comparison of State-Owned vs. Township-Village Enterprises in China
• PART III. The Political Economy of Development and Government-Private Interactions
• 10: Juro Teranishi: Sectoral Resource Transfer, Conflict, and Macrostability in Economic Development: A Comparative Analysis
• 11: Meredith Woo-Cumings: The Political Economy of Growth in East Asia: A Perspective on the State, Market, and Ideology
• 12: Rents and Development in Multiethnic Malaysia Jomo K.S. and Terence Gomez
• 13: Masahiro Okuno-Fujiwara: Toward a Comparative Institutional Analysis of the Government Business Relationship

Dettagli dell'edizione

• Editore: Oxford University Press
• Data di pubblicazione: 1999
• Lingua: Inglese
• ISBN 10: 0198294913
• ISBN 13: 9780198294917
• Rilegatura: Copertina flessibile
• Numero di pagine: 448
• Redattore: Aoshi Masahiko
• Contatto del produttore: non disponibile
• Persona responsabile: Ufficio Anagrafiche Messaggerie; ufficio.anagrafiche@meli.it; ; Via Verdi, 8; Assago Milano; 20090; Italia