Marketization and Democracy: East Asian Experiences / Edition 1

by Samantha F. Ravich

Overview

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.

Product Details

ISBN-13:	9780521661652
Publisher:	Cambridge University Press
Publication date:	01/13/2000
Series:	RAND Studies in Policy Analysis
Edition description:	New Edition
Pages:	294
Product dimensions:	6.46(w) x 9.33(h) x 0.91(d)

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.

Editorial Reviews

"Ravich's book shows the importance of market liberalization to the development of the democratic values and institutions in East Asia over the last four decades. She presents a compelling argument that U.S. policies for promoting democracy abroad should be crafted hand-in-hand with policies that advocate economic liberalization. Highly recommended." Donald Rumsfeld, Secretary of Defense

"Samantha Ravich has carried the analysis of the relationship between economic progress and democracy to a new level. She has quantified critical links persuasively and illuminated the importance of individual economic autonomy for political participation." William Overholt, Nomura International Limited

"Dr. Ravich's book is a significant contribution to the abundant literature on whether and how economic development and political development relate to one another. Using both case studies and advanced quantitative tools, she demonstrates an important relationship between marketization and the emergence of democratic institutions. Her work is both innovative and timely, with valuable lessons for policymakers as well as academics." Charles Wolf, Jr., Senior Economic Advisor, RAND

"[Ravich] provides ample historical evidence that democratization is the outcome of periods of political and/or economic crisis." S. J. Gabriel, Choice

"Written for graduate students and professors of political science, the book suggests implications for policy...The book is sophisticated..." Perspectives on Political Science

From the Publisher