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EBOOK
Author Weder, Beatrice.
Title Model, myth, or miracle : reassessing the role of governments in the East Asian experience / Beatrice Weder.
Imprint New York : United Nations University Press, 1999.

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Author Weder, Beatrice.
Series UNU policy perspectives ; v. 1
UNU policy perspectives ; v. 1.
Subject Bureaucracy -- East Asia.
Business and politics -- East Asia.
Political corruption -- East Asia.
East Asia -- Politics and government.
East Asia -- Economic policy.
Alternate Title UNU policy perspectives.
Description 1 online resource (vi, 169 pages) : illustrations.
Bibliography Note Includes bibliographical references (pages 155-161) and index.
Contents Introduction -- The Role of Government Performance in East Asia -- Measuring the Quality of Government Performance -- Government Performance and Growth: What the Data Say -- Scorecards for East Asian Countries -- Causes and Consequences of Corruption - Conclusions -- Appendices
Summary Before the financial crisis of the late 1990s, the East Asian experience was hailed as a miracle and a model of successful development. A broad consensus had been reached on the role of governments in engineering this economic success, and rapid growth was generally attributed to sound policies that were underpinned by a solid institutional framework.In the aftermath of the financial crisis, however, the "miracle" has been dismissed as a myth and a bad example that other countries should avoid. Critics allege that governments not only made serious policy mistakes, but also that the institutional framework was not so beneficial after all. The term "crony capitalism" is frequently used to summarize this notion. This book investigates the role that institutional conditions played in the miracle, and whether they had a part in causing the crisis. The focus is on such factors as the close ties between the public and private sectors, the incentives structures within the public sector, and corruption.Empirical tests show that these factors can indeed contribute to explaining differences in economic growth. The data also show that the notion of distinctive East Asian experience is misguided because there were always large differences in institutional conditions among the miracle economies. Scorecards of institutional performance are presented for Thailand, Malaysia, South Korea, Singapore, and Hong KongThe volume ends with a detailed discussion of the role of corruption. The author concludes that, contrary to popular belief, there is no evidence of corruption having cased the crisis. -- Provided by publisher
Note Print version record.
ISBN 0585302251 (electronic bk.)
9780585302256 (electronic bk.)
9280810308 (pbk. ; alk. paper)
9789280810301
9280810308
OCLC # 47010529
Additional Format Print version: Weder, Beatrice. Model, myth, or miracle. New York : United Nations University Press, 1999 9280810308 (DLC) 99010729 (OCoLC)40645375
Table of Contents
 Introduction1
1The Role of Government Performance in East Asia7
 1Public-private cooperation8
 2The bureaucracy12
 3Rule of law15
 4Corruption17
 5Political stability21
2Measuring the Quality of Government Performance23
 1How to measure quality23
 2Main data sources26
 3Indicators28
 4Empirical strategy36
 5Limitations of subjective indicators38
3Government Performance and Growth: What the Data Say43
 1Public-private cooperation43
 2The bureaucracy47
 3Rule of law49
 4Low levels of corruption53
 5Political system and political instability57
 6Summary of results61
4Scorecards for East Asian Countries63
 1The scorecard63
 2Scores for Thailand66
 3Scores for Malaysia69
 4Scores for South Korea71
 5Scores for Singapore75
 6Scores for Hong Kong77
 7Growth in two city-states: Hong Kong and Singapore79
 8Expectations of future developments82
 9Overall rankings85
5Causes and Consequences of Corruption89
 1Consequences of corruption: A second look90
 2Types of corruption95
 3Causes of corruption: A review of the literature100
 4Causes of corruption: The empirical evidence105
 5Crony capitalism and corruption111
 6Did corruption cause the Asian financial crisis?114
 Conclusions119
 Appendices121
 I: Data description and sources123
IIResults of extended growth regressions129
IIICountry coverage in the three main data sets135
IVCountry rankings139
VCorruption and "crony capitalism"151
 References155
 Index163



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