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| Content Provider | Springer Nature Link |
|---|---|
| Author | Wang, Yongqin |
| Copyright Year | 2010 |
| Abstract | This paper presents a coherent framework to characterize the dynamics of economic development and institutional change in the East Asian Development Model. In the early stage of development, due to market incompleteness, a government with high autonomy and capacity can promote economic development through interlinked and relational arrangements (e.g., industrial policy). In later stages, market completion will usually unravel interlinked and relational contracts, and lead to a rule-based society. The paper shows that the appropriate role of government and institutions are functions of the stage of development. In particular, relation-based governance is suited to investment-led development, while rule-based governance is suited to innovation-led development. The paper ends up with some implications for China’s development and institutional change. |
| Starting Page | 47 |
| Ending Page | 67 |
| Page Count | 21 |
| File Format | |
| ISSN | 10806954 |
| Journal | Journal of Chinese Political Science |
| Volume Number | 16 |
| Issue Number | 1 |
| e-ISSN | 18746357 |
| Language | English |
| Publisher | Springer Netherlands |
| Publisher Date | 2010-11-23 |
| Publisher Place | Dordrecht |
| Access Restriction | One Nation One Subscription (ONOS) |
| Subject Keyword | Interlinked and Relational Contract Government and Market Development Institutional Change Political Science |
| Content Type | Text |
| Resource Type | Article |
| Subject | Sociology and Political Science Political Science and International Relations |
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