The Role of Institutions in Asian Development

Ha-Joon Chang

Asian Development Review (ADR), 1998, vol. 16, issue 02, 64-95

Abstract: The paper identifies three types of institutions that are particularly important for economic development—institutions for coordination and administration, institutions for learning and innovation, and institutions for income redistribution and social cohesion—and examines how they contributed to the development of different Asian countries. While developing countries can import and adopt some institutions from more developed countries, there is no “best practice†institutional structure that fits every country. Applying this conclusion to the current situation in Asia, it is argued that despite the currently popular argument that Asian countries should remodel their institutions along the Anglo-American line, institutional changes need to be made cautiously and in line with local conditions.

Date: 1998
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0116110598000086
Open Access

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:wsi:adrxxx:v:16:y:1998:i:02:n:s0116110598000086

Ordering information: This journal article can be ordered from

DOI: 10.1142/S0116110598000086

Access Statistics for this article

Asian Development Review (ADR) is currently edited by Tetsushi Sonobe

More articles in Asian Development Review (ADR) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().