Synopses & Reviews
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
Introduction,
Masahiko Aoki, HyungKi Kim, and Masahiro Okuno-Fujiwara1. Beyond The East Asian Miracle: Introducing the Market Enhancing View, Masahiko Aoki, Kevin Murdock, and Masahiro Okuno-Fujiwara
PART I. Market Failures and Government Activism
2. The Role of Government in Economic Development: Some Observations from the Experience of China, Hong Kong, and Taiwan, Lawrence J. Lau
3. The Government-Firm Relationship in Postwar Japanese Economic Recovery: Coordinating the Coordination Failure in Industrial Rationalization, Tetsuji Okazaki
4. The Role of Government in Acquiring Technological Capability: The Case of the Petrochemical Industry in East Asia, Hyung-Ki Kim and Jun Ma
5. Economic Development as Coordination Problems, Kiminori Matsuyama
PART II. The Market-enhancing View
6. Financial Restraint: Toward a New Paradigm, Thomas Hellmann, Kevin Murdock, and Joseph Stiglitz
7. Government Intervention, Rent Distribution, and Economic Development in Korea, Yoon Je Cho
8. Unintended Fit: Organizational Evolution and Government Design of Institutions in Japan, Masahiko Aoki
9. Institutions, State Activism, and Economic Development: A Comparison of State-Owned vs. Township-Village Enterprises in China, Yingyi Qian and Barry R. Weingast
PART III. The Political Economy of Development and Government-Private Interactions
10. Sectoral Resource Transfer, Conflict, and Macrostability in Economic Development: A Comparative Analysis, Juro Teranishi
11. The Political Economy of Growth in East Asia: A Perspective on the State, Market, and Ideology, Meredith Woo-Cumings
12. Rents and Development in Multiethnic Malaysia Jomo K.S. and Terence Gomez
13. Toward a Comparative Institutional Analysis of the Government Business Relationship, Masahiro Okuno-Fujiwara