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.
I would like to thank Avner Greif for valuable comments on an earlier draft.
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References
Aoki, M., K. Murdock and M. Okuno-Fujiwara (1997) ‘Beyond the East Asian Miracle: Introducing the Market Enhancing View’, in M. Aoki, M. Okuno-Fujiwara and H. Kim (eds), The Role of Government in East Asian Development: Comparative Institutional Analysis (Oxford: Oxford University Press).
Easterly, W. and R. Levine (1996) ‘Africa’s Growth Tragedy: Politics and Ethnic Divisions’, mimeo, May.
Knack, S and P. Keefer (1995) ‘Institutions and Economic Performance: Cross-Country Tests Using Alternative Institutional Measures’, Economics and Politics, vol. 7, no. 3, pp. 207–27.
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© 1998 International Economic Association
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North, D.C. (1998). The Institutional Foundations of East Asian Development: A Summary Evaluation. In: Hayami, Y., Aoki, M. (eds) The Institutional Foundations of East Asian Economic Development. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-26928-0_17
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DOI: https://doi.org/10.1007/978-1-349-26928-0_17
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