The institutional foundations of East Asian economic development : proceedings of the IEA Conference held in Tokyo, Japan

Bibliographic Information

The institutional foundations of East Asian economic development : proceedings of the IEA Conference held in Tokyo, Japan

edited by Yujiro Hayami and Masahiko Aoki

(International Economic Association conference volume, no. 127)

Macmillan , St. Martin's Press, 1998

  • : uk
  • : us

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Includes bibliographical references and indexes

Description and Table of Contents

Description

The International Economic Association was foremost in reviving professional economists' concern with institutions and their impact in publications such as Economic Institutions in a Dynamic Society (1989). This volume concentrates on the states whose development has been characterised as the 'East Asian miracle' in the light of the performance of other economies starting from similarly low income levels, including India, China, African states - especially Nigeria - and Latin American countries including Brazil. This comprehensive comparative survey in economic history demonstrates the external shocks and interacting domestic forces which constituted the growth dynamic. Nobel Laureates Kenneth Arrow and Douglass North and past President of the IEA the late Michael Bruno are among the thirty-four highly distinguished specialist contributors.

Table of Contents

  • The International Economic Association Acknowledgements Foreword by J. Dr Abbreviations List of Contributors Introduction
  • Yujiro Hayami and Masahiko Aoki PART I: SETTING A STAGE Toward an East Asian Model of Economic Development
  • Y. Hayami
  • Comment
  • P. Dasgupta The Place of Institutions in the Economy: A Theoretical Perspective
  • K. Arrow A West Asian's View of East Asian Development
  • M. Bruno PART II: DEVELOPMENT STRATEGY AND MACROECONOMICS INSTITUTIONS TFPG Controversies, Institutions and Economic Performance
  • D.Rodrik
  • Comment
  • T. Chen The Institutional Foundation of Macroeconomics Stability: Indonesia Versus Nigeria
  • E. Thorbecke
  • Comment
  • M. Pangestu Resource Abundance and Economic Development in Newly-Industrialised Economies: East Asia Versus Latin America
  • F. Kimura and H. Kohama
  • Comment
  • G. Ranis Contrasts in Transition to Market-Oriented Economies: India and Korea
  • A. Krueger
  • Comment
  • K. Basu Transition to Market-Oriented Economies: China Versus Eastern Europe and Russia
  • J. Lin
  • Comment
  • B. Makarov PART III: INSTITUTIONAL ARRANGEMENTS IN STATE-ECONOMY INTERFACE Financial Restraint and the Market Enhancing View
  • T.Hellmann, K. Murdock and J. Stiglitz
  • Comment
  • A. Sheng Industrial Interests Versus Class Interests: Conflicts Over Income Distribution in the Economic Development of Japan and Brazil
  • J. Teranishi
  • Comment
  • V. Corbo Upgrading Technological Capabilities of Small and Medium Enterprise: Private Support in the Japanese and Korean Auto Parts Industries
  • M. Itoh and S. Urata
  • Comment
  • J. Lee PART IV: PROPERTY RIGHTS, COMMUNITY NORMS AND ECONOMIC ORGANISATIONS Resource Endowments and Agricultural Development: Africa Versus Asia
  • J. Platteau and Y. Hayami
  • Comment
  • P. Dasgupta Thailand Versus Japan: Why Was Japan First?
  • D. Feeny Rural Industrialisation in East Asia
  • K. Otsuka
  • Comment
  • A. Banerjee Evolution of Economic Systems: The Case of Japan
  • T. Okasaki and M. Okuno-Fujiwara
  • Comment
  • A. Grief CONCLUSION The Role of Community Norms and Government in East Asian Rural-Inclusive Development and Institution Building
  • M. Aoki The Institutional Foundations of East Asian Development: A Summary Evaluation
  • D. North Index of Names Subject Index

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