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The Role of Government in East Asian Economic Development
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The Role of Government in East Asian Economic Development: Comparative Institutional Analysis

Masahiko Aoki, Hyung-Ki Kim, and Masahiro Okuno-Fujiwara


The role of government in East Asian economic development has been a contentious issue. Two competing views have shaped enquiries into the source of the rapid growth of the high-performing Asian economies and attempts to derive a general lesson for other developing economies: the market-friendly view, according to which government intervenes little in the market, and the developmental state view, in which it governs the market. What these views share in common is a conception of market and government as alternative mechanisms for resource allocation. They are distinct only in their judgement o ... More

Keywords: market-enhancing view, government policy, private sector, coordination

Bibliographic Information

Print publication date: 1998 Print ISBN-13: 9780198294917
Published to Oxford Scholarship Online: January 2007 DOI:10.1093/acprof:oso/9780198294917.001.0001


Affiliations are at time of print publication.

Masahiko Aoki, editor
Henry and Tomoye Takahashi Professor of Japanese Economic Studies, Stanford University
Author Webpage

Hyung-Ki Kim, editor
Former Division Chief for Studies, EDIST, World Bank

Masahiro Okuno-Fujiwara, editor
Professor of Economics, University of Tokyo