Suchergebnisse

Diversification of the economy has been propagated for years as a paramount task of Brunei policy-makers. According to the author, although this is obviously a sensible objective, it has proved to be a difficult goal to achieve in practice. It is his thesis that the issue in question is of political economy. The author discusses the development problem of Brunei Darussalam, its state institutions, Malay Islam monarchy and the political economy of Brunei. (DÜI-Sen)

Today's Brunei is in many ways a modern welfare state. Beneath the surface, however, Brunei is not free from problems, inspite of its wealth. The author critically explores the country's booming but lopsided economy, the official policy of Brunei as a Malay Muslim Monarchy, its external relations, dangers for the country because of its dualistic population structure and future challenge for the present absolute monarchy. (DÜI-Sen)

Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua created the Central American Common Market in 1960. For about two decades the participants performed successfully in terms of standard macroeconomic indicators. Starting in the late sixties, however, the common market gradually began to disintegrate when Honduras withdrew from the organization. Today, little of the institutional framework remains. The purpose of this paper is to give an interpretation of the macroeconomic developments since 1960

Before embarking on analyses of different aspects of economic growth and development of these countries, the authors present a thought-provoking analysis of how institutional factors such as geography, history of religion, culture and political governance have been deeply interwoven with development dynamics to shape the growth and development trajectory that each country has subsequently followed. Each country's development path consequently appeared almost be pre-determined. Japan's role as the lead-country in technology transfer under the flying-geese pattern of development is discussed, however the emphasis has shifted of late to China, India, Korea, Malaysia and Singapore. The authors also propose that instead of discussing the failure of India to catch up with China in growth and development outcomes, economists should be commenting on whether China, bestowed with India's highly decentralized democratic governance structure and institutional rigidities, would have been able to achieve the same results as that of India. Only then will a true understanding and appreciation of India's achievements in economic growth and development emerge. -- Economic Development in China, India and East Asia will be warmly welcomed and appreciated by academics and researchers of international and development economics as well as Asian development and economics. Policy makers and those involved in NGOs in the development and aid arenas will also find this of great interest. -- 'This is an unusually rich and comprehensive comparative analysis of industrialisation and development in Asia. Drawing on the diverse experiences of Malaysia, Singapore, China, India and more, Roy, Blomqvist and Clark skilfully tease out the common institutional threads and the subtle differences in their developmental trajectories. An essential reading for all those interested in the lessons from Asian development.' (Jude Howell, London School of Economics, UK).