Marketization and Democracy: East Asian Experiences / Edition 1 available in Hardcover
- Pub. Date:
- Cambridge University Press
As the East Asian financial crisis continues to leave a path of economic and political destruction in its wake, people all over the world seek to know what went wrong. Many blame the illiberal markets of the countries involved, and many blame their political leadership. This book explores how strong, open, liberalized markets create a counterbalance to crony capitalism and corruption and form the basis for a foundation of political liberalization. Using both a quantitative model and qualitative country studies, this work analyzes the experiences of China, Taiwan, Indonesia, and Korea in moving toward both marketization and democracy.
Table of Contents
1. Introduction; 2. Theories of economic development and policy; 3. The model; 4. Quantitative analysis of democracy; 5. Korea: a balancing of power; 6. Taiwan: the bringing in of new elites; 7. Indonesia: unrealized potential; 8. China: a transformation of the societal contract; 9. Conclusions and policy implications.