Governance and the economy in Asia and the United States: institutions, instruments and reform

Jack H. Knott

Asia Pacific Journal of Public Administration, 2016, vol. 38, issue 1, 7-23

Abstract: Effective governance involving the use of various institutions and instruments is very important for economic development. While many states fail to achieve even the minimal features of effective governance, state capitalism has proven to be a successful model economically. The problem is that state capitalism is frequently associated with authoritarian and corrupt regimes. Over time, such regimes limit economic efficiency, ignore the environment, and under-invest in social and health services. In the West and some Asian countries, these conditions have led to substantial reform in democratic governance. Singapore and possibly the People’s Republic of China offer alternative models of reform, reducing corruption and somewhat liberalising their economies in the absence of well-developed democratic governance.

Date: 2016
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/23276665.2016.1152723 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:rapaxx:v:38:y:2016:i:1:p:7-23

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAPA20

DOI: 10.1080/23276665.2016.1152723

Access Statistics for this article

Asia Pacific Journal of Public Administration is currently edited by Ian Thynne and Danny Lam

More articles in Asia Pacific Journal of Public Administration from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().