Marketization and Democracy
East Asian Experiences

This work, first published in 2000, analyzes the experiences of China, Taiwan, Indonesia, and Korea in moving toward marketization and democracy.

Samantha F. Ravich (Author)

9780521023320, Cambridge University Press

Paperback / softback, published 24 November 2005

296 pages, 57 b/w illus. 20 tables
22.9 x 15.4 x 1.8 cm, 0.442 kg

'This fascinating study by Ravich makes a new and interesting contribution …' Development and Change

As the East Asian financial crisis continues to leave a path of destruction economically and politically in its wake, people all over the world seek to know what went wrong. Many blame the illiberal markets of the countries involved and many blame their political leadership. This book, first published in 2000, explores how strong, open, liberalized markets create a counterbalance to crony capitalism and corruption and form the basis for a foundation of political liberalization. Using both a quantitative model and qualititative country studies, this work analyzes the experiences of China, Taiwan, Indonesia, and Korea in moving toward both marketization and democracy.

1. Introduction
2. Theories of economic development and policy
3. The model
4. Quantitative analysis of democracy
5. Korea: a balancing of power
6. Taiwan: the bringing in of new elites
7. Indonesia: unrealized potential
8. China: a transformation of the societal contract
9. Conclusions and policy implications.

Subject Areas: Development economics & emerging economies [KCM]