List of tables -- List of figures -- Comparative analysis -- The five phases of economic development and institutional evolution in China, Japan and Korea / M. Aoki -- Social organizations, risk sharing institutions and economic development / A. Greif, M. Iyugun & D. Sasson -- Before and beyond...

This essay provides a game-theoretic, endogenous view of institutions, and then applies the idea to identify the sources of institutional trajectories of economic development in China, Japan, and Korea. It stylizes the Malthusian-phase of East Asian economies as peasant-based economies in which...

Based on the variable rate of gross domestic product per capita growth and its sources, this paper first identifies five phases of economic development that are common to China, Japan, and Korea: M (Malthusian), G (government-led), K (à la Kuznets), H (human capital based) and PD (post...

This essay provides a game-theoretic, endogenous view of institutions, and then applies the idea to identify the sources of institutional trajectories of economic development in China, Japan, and Korea. It stylizes the Malthusian-phase of East Asian economies as peasant-based economies in which...

This essay first provides a game-theoretic, endogenous view of institutions, and then applies the idea to identify sources of institutional trajectories of economic development in China, Japan, and Korea. It stylizes the Malthusian-phase of the East Asian economies as a peasant-based economy in...