Governance and Growth: Lessons from the Asian Economic Crisis

Stephan Haggard

Asian-Pacific Economic Literature, 1999, vol. 13, issue 2, 30-42

Abstract: The East Asian financial crisis of 1997‐98 has provoked yet another round of controversy on the institutional foundations of the region’s growth. This article provides some flavour of this new work by examining three factors that impinge on economic policy and performance: the role of political regime type; the structure of business‐government relations; and the design of government agencies. Institutional weaknesses contributed to the onset of the Asian financial crisis.

Date: 1999
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