The International Economic Association

Foreword

Jacques Dreze

Acknowledgements

List of Contributors

List of Abbreviations

Introduction

Yujiro Hayami

Masahiko Aoki

PART I SETTING THE STAGE

1 Toward an East Asian Model of Economic Development

Yujiro Hayami

Comment

Partha Dasgupta

2 The Place of Institutions in the Economy: A Theoretical Perspective

Kenneth J. Arrow

3 A West Asian's View of East Asian Economic Development

Michael Bruno

PART II DEVELOPMENT STRATEGY AND MACROECONOMIC INSTITUTIONS

4 TFPG Controversies, Institutions and Economic Performance in East Asia

Dani Rodrik

Comment

Tain-Jy Chen

5 The Institutional Foundations of Macroeconomic Stability: Indonesia versus Nigeria

Erik Thorbecke

Comment

Mari Pangestu

6 Resource Richness and Economic Development in Newly-Industralized Economies: East Asia versus Latin America

Fukunari Kimura

Hirohisa Kohama

Comment

Gustav Ranis

7 Contrasts in Transition to Market-Oriented Economies: India and Korea

Anne Krueger

Comment

Kaushik Basu

8 Transition to a Market-Oriented Economy: China versus Eastern Europe and Russia

Justin Y. Lin

Comment

Valery Makarov

PART III INSTITUTIONAL ARRANGEMENTS IN THE STATE-ECONOMY INTERFACE

9 Financial Restraint and the Market Enhancing View

Thomas Hellmann

Kevin Murdock

Joseph Stiglitz

Comment

Andrew Sheng

10 Industrial Interests versus Class Interests: Conflicts over Income Distribution in the Economic Development of Japan and Brazil

Juro Teranishi

Comment

Vittorio Corbo

11 Upgrading Technological Capabilities of Small and Medium Size Enterprises: Public and Private Support in the Japanese and Korean Auto Parts Industries

Motoshige Itoh

Shujiro Urata

Comment

Jong-Wha Lee

PART IV PROPERTY RIGHTS, COMMUNITY NORMS AND ECONOMIC ORGANIZATIONS

12 Resource Endowments and Agricultural Development: Africa versus Asia

Jean-Philippe Platteau

Yujiro Hayami

Comment

Partha Dasgupta

13 Thailand versus Japan: Why Was Japan First?

David Feeny

Comment

Ammar Siamwalla

14 Rural Industrialization in East Asia

Keijiro Otsuka

Comment

Abhijit V. Banerjee

15 Evolution of Economic Systems: The Case of Japan

Tetsuji Okazaki

Masahiro Okuno-Fujiwara

Comment

Avner Greif

GENERAL COMMENTS

16 The Role of Community Norms and Government in East Asian Rural-Inclusive Development and Institutional Building

Masahiko Aoki

17 The Institutional Foundations of East Asian Development: A Summary Evaluation

Douglass C. North

Index of Names

Subject Index