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Institutional competitiveness and institutional aging: the dynamism of East Asian Growth

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  • Xiaoming Huang

Abstract

This study investigates the international dynamism of rapid economic growth in East Asia: Japan, Korea, Singapore, Taiwan and China. It finds that underlying East Asian Growth is the competitiveness of the institutional setting that makes up for the insufficiency in normal conditions for economic growth in these countries. More importantly, the institutional setting that generates such competitiveness has a logic of its own. This logic affects the formation and change of the setting and determines under what conditions and to what extent such an institutional setting is effective in each of these countries. The study highlights the systematic and dynamic nature of East Asian Growth. It takes the institutional setting as a central problem in explaining the historical patterns of rapid economic development in East Asia, and builds on rational choice and historical institutionalism for a more effective explanation.

Suggested Citation

  • Xiaoming Huang, 2008. "Institutional competitiveness and institutional aging: the dynamism of East Asian Growth," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 13(1), pages 3-25.
    • Handle: RePEc:taf:rjapxx:v:13:y:2008:i:1:p:3-25
    DOI: 10.1080/13547860701731762
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