With contributions from past and present collaborators, this book celebrates the contributions of Kaushik Basu to development economics. It reflects on the issues of rent control, child labour, labour laws, harrassment, shared prosperity, and gender empowerment in the broader context of interactions between markets, governments, and institutions.

The book takes issue with the changing role of government in devising and applying science, technology and innovation (STI) policies in a late-comer economy. South Korea is presented as a point in case, due to its astonishing ascent from a developing nation in the 1960s, to an emerging market in the 1980s and a high-technology powerhouse of our days. Which incentives have kept the government focused on productivity-enhancing STI policies? And why should Korea's national innovation system be reconfigured to fully prepare for the technological challenges of the 21st century? An institutional economics perspective complemented by expert interviews shows that organizations and institutions concerned with STI policy-making in Korea have co-evolved simultaneously mainly driven by the timing of presidential election cycles. The book contains a summary in Korean.

Focusing on the formation of the Korean economic system, this book presents a fascinating and comprehensive analysis of economic development outside of the traditional neo-classical, developmental-state and dependency perspectives. It examines in detail the evolution of institutions that contributed to economic growth and the formation and the workings of the economic system. With an emphasis on the interaction between government, private institutions (Chaebol and financial institutions) and the influence of Japan, it offers one of the most stimulating and distinctive views of Korean economic development to date. It will be of key interest to scholars and researchers of financial growth and development, Asian finance, and regional and heterodox economics.

From 2009 to 2015, the euro area of the European Union (EU) experienced an existential socio-economic crisis. To secure its institutional integrity, the EU designed several new institutions to support member states in need but also to facilitate socio-economic adjustments. The European Stability Mechanism (ESM) lies at the centre of this strategy: it provides financial assistance to member states in severe crisis on an intergovernmental basis while demanding compliance with adjustment programs from program countries. Based on a comparative political economic analysis, Remaking European Political Economies shows that the EU’s financial assistance programs focused strongly on reforms that led to a partial convergence of program countries based on market-based economic governance and reduced governmental influence in the economy. The book draws on extensive, empirically based case studies of two prominent euro area countries in crisis: Greece and Ireland. Dennis Zagermann illustrates that socio-economic models in the euro area can experience institutional change if exposed to severe crises in combination with financial assistance programs that include policy conditionality. In doing so, his book sheds light on the central question of whether there is a possible convergence of European models of capitalism – a question that has been at the centre of comparative political economic debates for over thirty years.

This book is the result of the collective effort of some of the foremost experts and scholars of Chinese law, Asian law, and Chinese economics and carefully examines the relationship between law and China’s economic development. Serious inquiries and candid opinions of the contributors have made for stimulating discussion and debate in many controversial areas. This book is likely to result in further research into factors affecting China’s economic development, political change, and China’s interaction with the international community. The book explores the development of the Chinese legal system from both China’s historical perspective, taking into account the specific political and socioeconomic factors that are shaping Chinese law, and from a comparative perspective exploring the interaction between China and the rest of the world. The book brings together key international scholars of Chinese law and economics including Hualing Fu, Roda Mushkat, Randall Peerenboom, Zhigang Tao and Frank Upham. The first part of the book focuses on the linkages between the formal law and China’s economic development, looking at Chinese courts, economic institutions and firm behaviour as well as contract enforcement and property rights. Part two deals with issues of law, human rights, and social justice as they relate to economic and human development. Taken as a whole, the book offers a unique discourse on the interaction between law and economic and human development in China.

'Roy's book is a rich and detailed study of various facets of economic and social development in ten countries, both democratic and authoritarian. Researchers and students will find here a wealth of information and statistics that can be mined to explore fundamental questions around state interventionism and modes of governance, around democratisation, authoritarianism and economic development, around the factors driving the differential developmental performance of specific countries, and around the desirability of economic growth at all costs. It also provides a very useful starting-point for considering the future of Asia as China's economic, political and military strength continues to grow.'Jude A HowellProfessor London School of Economics (LSE), London, UKFrom the Foreword With over three decades worth of research and analysis, Roy compares ten countries — India; Brazil; Indonesia; China; Japan; South Korea; Singapore; Vietnam; Thailand; and, Malaysia — in the role of the state in economic development. Comprising of a rich body of work on state intervention and developmental states, Roy postulate on the idea of 'virtuous' and 'vicious' interventionist states.

‘Commerce and manufactures gradually introduced order and good government,’ wrote Adam Smith in his Wealth of Nations, ‘and with them, the liberty and security of individuals.’ However, Philipp Robinson Rössner shows how, when looked at in the face of history, it has usually been the other way around. This book follows the development of capitalism from the Middle Ages through the industrial revolution to the modern day, casting new light on the areas where premodern political economies of growth and development made a difference. It shows how order and governance provided the foundation for prosperity, growth and the wealth of nations. Written for scholars and students of economic history, this is a pioneering new study that debunks the neoliberal origin myth of how capitalism came into the world.

Fiji has distinct institutional features that make it an ideal case for examining and discussing the consequences of institutional arrangements (particularly the nature of property rights) for national economic performance, development prospects, and the state of the environment which in turn, reflects a nation's ability to achieve sustainable development. Furthermore, the nature of institutional arrangements in Fiji can be used to illustrate aspects of both the new and the 'old' institutional economics. Apart from the fact that Fiji provides considerable scope for the exploration of institutional economics and its applications, Fiji is a comparatively important island nation in the south-west Pacific, that is, an important member of the Pacific Island Forum grouping of 14 island nations. The recent development of Fiji has been much influenced by its social history, particularly by its institutional structures established or codified during British colonial rule. Its present racial composition is largely a product of British colonisation. of Indians brought to Fiji by the British to produce sugar cane as a contribution to the economic development of the former British Empire. In many respects, the type of global imperialism that was well established during the nineteenth century was a forerunner to modern economic globalisation which involves a mixture of free trading blocs and multilateralism. The current population mixture of Fiji consisting of about equal numbers of Indian Fijians and Indigenous Fijians has its roots in Fiji's colonial history. Furthermore, the codified systems of property rights (which largely excludes Indian Fijians from the ownership of land) was established by the British. It has been a major source of ethnic tension, and of social and political conflict in Fiji. We show that this system of property rights has had important negative consequences for economic growth in Fiji, for the economic performance of its industries, and for the conservation of its natural resources. natural resources which may not be equitable, and which also does not appear to be efficient administratively. This adds to social and political tension in Fiji.

Title first publishedin 2003. This comprehensive book focuses on the prevailing conditions in Asia and Africa under various macroeconomic and sectoral themes in order to provide in depth explanations for the divergent development experiences of the two regions. Seeking to go further than the simple comparison of policies, the book carefully examines the institutional context for policy implementation within which growth and development have proceeded in the regions.

An in-depth look at China’s burgeoning capital markets Author Jian Gao is the number one authority on fixed income markets in China, and with this book, he brings his considerable experience and knowledge about these markets to investors worldwide. For those interested in becoming active in China’s growing fixed income markets, Debt Capital Markets in China is the book you need to get started. It includes coverage of the primary and secondary markets, government debt instruments, corporate bonds, the collateralized bond market, and asset-backed securitizations. Debt Capital Markets in China also examines the developing market trends, which affect investors and institutions looking to make the most of this incredible financial opportunity. Dr. Jian Gao, PhD (Beijing, China) is the Vice Governor of China Development Bank (CDB).