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Introduction : Economic reform in Indonesia after the Asian currency crisis is often discussed in parallel with … Thailand and South Korea, which were alike hit by the crisis. It should however be noted that what happened in Indonesia was a … Korea. Indonesia' post-crisis reform should be understood in the context of dismantling of the Soeharto regime to seek a new …
Persistent link: https://www.econbiz.de/10005744820
Conventional explanations of Taiwan and China’s economic success point to the shift from an import-substituting industrialization (ISI) strategy to an export-oriented industrialization (EOI) strategy. This paper argues that the development strategies in Taiwan and China have always been a...
Persistent link: https://www.econbiz.de/10010284578
The state-business relationship in the 1960s and 70s was a vertical one where the state led the private sector. The government made the plan, provided the necessary resources, and later evaluated the performance of the entrepreneurs who executed the plan. In the 1980s, however, the relationship...
Persistent link: https://www.econbiz.de/10013117145
This paper attempts to partially answer the question of how leadership matters in a Flat World (Friedman, 2006) based upon the experiences of a comprehensive six-month American cultural immersion program at Millersville University in Pennsylvania begun in 1996. The paper examines the social...
Persistent link: https://www.econbiz.de/10012731288
One might think that bribery is always unethical. Studies by the Organisation for Economic Cooperation and Development discourage the practice and a number of other studies have viewed bribery in negative terms. However, a closer examination of the issue reveals that the question of whether...
Persistent link: https://www.econbiz.de/10012959975
The international emergence and expansion of Islamic finance is an undeniable fact. Significant efforts from all stakeholders including regulatory bodies are currently under way to formulate universal framework, standards and codes of conduct for Islamic finance. This is necessary because of the...
Persistent link: https://www.econbiz.de/10012969110
What would Israel's economy have looked like without the 2000 Palestinian Intifada? We examine this counterfactual question by statistically comparing economic growth trajectories of Israel and a “synthetic” Israel, which we construct by applying a method proposed by Abadie and Gardeazabal...
Persistent link: https://www.econbiz.de/10012973621
Since the first corporate law in China was passed in 1993(the 1993 Corporate Law), China took a rather strict approach on enforcing capital maintenance requirement, especially through a requirement of a statutory minimal registered capital. Such an approach survived in the substantial revision...
Persistent link: https://www.econbiz.de/10012977181
The developmental state literature emphasises the importance of state autonomy and capacity, with a particular focus on the Weberian type of meritocratic bureaucracy. Existing studies of South Korea's economic development generally credit Park Chung-hee for establishing such a state. I question...
Persistent link: https://www.econbiz.de/10013005829