Readership: Academic economists and political scientists interested in the East Asian Miracle and the role of government. Crossover into development studies, particularly the interplay of public and private finance in development.
Edited by Masahiko Aoki, Henry and Tomoye Takahashi Professor of Japanese Economic Studies, Stanford University, Edited by Hyung-Ki Kim, Former Division Chief for Studies, EDIST, World Bank, and Edited by Masahiro Okuno-Fujiwara, Professor of Economics, University of Tokyo
"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"
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