The Institutional Foundations of East Asian Economic Development

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