The Institutional Foundations of East Asian Development: A Summary Evaluation

Douglass North

Chapter 17 in The Institutional Foundations of East Asian Economic Development, 1998, pp 552-560 from Palgrave Macmillan

Abstract: Abstract There are some fundamental characteristics of successful economic development which are common not only to the East Asian case but to elsewhere as well; but there is no common denominator as to how to achieve the development. We do know quite a bit about the fundamentals of successful development, but we know very little about the process of economic change. In this summarizing essay I shall deal with these issues in turn and draw on a number of the papers to illustrate my assertions.

Keywords: Total Factor Productivity; Path Dependence; Institutional Foundation; Summary Evaluation; Informal Norm (search for similar items in EconPapers)
Date: 1998
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DOI: 10.1007/978-1-349-26928-0_17

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