Rise of East Asia and Crisis: A Institutional Analysis

Author: Ma Hongwei
Publisher:
Publish Date: 2005-09-01
Features: This book comprehensively analyzes the institutional reasons behind the ups and downs of economic development in East Asia after World War II. The government-led institutional model, as an innovation of colonial and semi-feudal economies, is conducive to leveraging latecomer advantages and learning-based institutional change advantages, leading to rapid economic growth in East Asia. The failure to achieve timely institutional innovation is the fundamental cause of the East Asian financial crisis.