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Economic Liberalization and Integration in East AsiaA Post-Crisis Paradigm$
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Yung Chul Park

Print publication date: 2005

Print ISBN-13: 9780199276776

Published to Oxford Scholarship Online: February 2006

DOI: 10.1093/0199276773.001.0001

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Institution Building for Governance

Institution Building for Governance

(p.96) 12 Institution Building for Governance
Economic Liberalization and Integration in East Asia

Yung Chul Park

Oxford University Press

The quality of governance and institutions is important in economic growth. Although there is no need to transplant western rules and institutions into Asia, there is a need to overcome vested interests and the advantages held by large conglomerates. This can be achieved by establishing legal, social, and political institutions for the implementation of an effective democratic political regime with deregulated open markets.

Keywords:   corruption, governance, malfeasance, regulatory framework, public sector, democratization

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