This is a thorough and comprehensive study – both in terms of country coverage and in-depth analysis – covering the economic development of all the major economies in the Asian continent, namely China, India, Japan, South Korea, Taiwan, Malaysia and Singapore.

This book argues that the capacity of a country to develop, and the levels of economic and social development achieved, depend more on the institutional parameters within which the development policies are implemented than on the policies themselves. It contends that forces of globalisation...