Product Description: Many believe that economic development is primarily a function of institutions that help societies reap potential gains from interdependent actors. The norms, rules, and organizations that "govern" transactions are meant to resolve the collective action problems at the heart of economic development...read more

Why do some middle-income countries diversify their economies but fail to upgrade - to produce world-class products based on local inputs and technological capacities? Why have the "little tigers" of Southeast Asia, such as Thailand, continued to lag behind the Newly Industrializing Countries of East Asia? Richard Doner goes beyond "political will" by emphasizing institutional capacities and political pressures: Development challenges vary. Upgrading poses tough challenges that require robust institutional capacities. Such strengths are political in origin. They reflect pressures, such as security threats and resource constraints, which motivate political leaders to focus on efficiency more than clientelist payoffs. Such pressures help to explain the political institutions - "veto players" - through which leaders operate. Doner assesses this argument by analyzing Thai development historically, in three sectors (sugar, textiles, and autos) and in comparison with both weaker and stronger competitors (Philippines, Indonesia, Taiwan, Brazil, and South Korea).

Product Description: This book analyzes the institutional underpinnings of East Asia's dynamic growth by exploring the interplay between governance and flexibility. As the challenges of promoting and sustaining economic growth become ever more complex, firms in both advanced and industrializing countries face constant pressures for change from markets and technology...read more

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Product Description: Driving a Bargain: Automobile Industrialization and Japanese Firms in Southeast Asia (Studies in International Political Economy)