This paper provides narrative background on economic and political development of the 11 countries in Southeast Asia. It shows that post-World War II development experience, economic policies, and current economic performance in each country have deep historical roots, at least back to the...

Our article presents an index of institutional complementarity for 27 postcommunist economies, and evaluates a key claim of the Varieties of Capitalism paradigm. The empirical novelty of the index lies in its integration of informal institutions as well as its combination of macro-level and...

The GDP growth rates recorded during the first 15 years of Indian planning are far higher than those recorded during the colonial era. The prevalent view amongst economists, therefore, is that the introduction of central economic planning caused a significant improvement in India's economic...

This paper focuses on the epistemic importance played by ‘narratives' in economic analysis and their role in enhancing economic growth, discussing the case of India's own ‘growth narrative' emerging from the late 1980s. A closer study of the role of ‘narratives' in economic analysis offers...

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

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...

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...

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...

In recent decades, neo-mercantilism has become a fashionable trend. The appeal of an export-led growth regime is often explained based on the material interests of the domestic growth coalition. This article offers an alternative explanation based on the geopolitical territorial interests of the...