Historical sources of institutional trajectories in economic development: China, Japan and Korea compared†

Aoki, Masahiko
April 2013
Socio-Economic Review;Apr2013, Vol. 11 Issue 2, p233
Academic Journal
This article first provides a game-theoretic, endogenous view of institutions and then applies the idea to identify the sources of institutional trajectories of economies development in China, Japan, and Korea. It stylises the Malthusian phase of the East Asian economies as a peasant-based economies in which small conjugal families self-managed their working times between farming on small plots—leased or owned—and handcrafting for personal consumption and markets. It then compares institutional arrangements across these economies that sustained otherwise similar economies. It characterises the varied nature of the political states of Qing China, Tokugawa Japan and Yi Korea by focusing on the way agricultural taxes were enforced. It also identifies different patterns of social norms of trust that were institutional complements to, or substitutes for, the political states. Finally, it traces the path-dependent transformations of these state-norm combinations along subsequent transitions to post-Malthusian phases of economic growth in the respective economies.


Related Articles

  • Konsumpcja w Republice Korei. KIGHTLEY, MARTA // Konsumpcja i Rozwój;2014, Vol. 6 Issue 1, p24 

    The article describes the dynamics and character of private consumption in South Korea. The author argues that the patterns and low growth rate of Korea's consumption habits are to some extent influenced by the rapid economic growth the country went through in the second half of the 20th...

  • Temporal Lags in Comparative Retailing. Arndt, Johan // Journal of Marketing;Oct72, Vol. 36 Issue 4, p40 

    Is the structure of a retailing system dependent upon selected characteristics of the country served? The author's evidence affirms this hypothesis. The results reported may have important strategic implications for multinational retailers by serving as a base for forecasting. Temporal lags in...

  • Inflation, Endogenous Growth, Transaction Costs, and Varying Discount Rates. Miyazaki, Kenji // International Advances in Economic Research;Nov2010, Vol. 16 Issue 4, p419 

    The article discusses a study on the relationship of economic growth and inflation. It says that inflation has an impact on balanced growth path (BGP) in times of inelastic labor decision. It presents the assumption that real balances are low when rates of money supply are high. The study...

  • THE POLITICS OF ECONOMIC DEVELOPMENT: A QUALITATIVE CASE STUDY. Thompson, Lyke // Economic Development Review;Summer84, Vol. 2 Issue 2, p62 

    Attempts to show how one community overcame political barriers to mount an enduring campaign for economic development. Growth of an economic development subsystem in the interstices of existing private and public organization; Creation of a marketing agency; Development of an entrepreneurial...

  • MARKETING, MUCH LIKE DEMOCRACY, IS GOOD FOR YOU (YES, REALLY). Quelch, John A.; Jocz, Katherine E. // Advertising Age;2/11/2008, Vol. 79 Issue 6, p15 

    The article discusses how marketers treat consumers and compares the consumer marketplace with the political marketplace and democracy. The author states that a marketer is much like a politician in that he gives consumers information, offers them a choice, and hopes to earn their interest and...

  • The optimum growth rate for population under critical-level utilitarianism. Renström, Thomas; Spataro, Luca // Journal of Population Economics;Jul2011, Vol. 24 Issue 3, p1181 

    We characterize optimal consumption, capital, and population growth of a production economy under critical-level utilitarianism. First, we show that neither classical utilitarianism nor average utilitarianism can avoid a corner solution for the population growth rate, in that under the former,...

  • THE COMPARATIVE ANALYSIS OF THE OLD BELIEVERS' ECONOMIC ACTIVITY. Kozyakova, N. // Bulletin of the MSRU. Series Economics;2013, Issue 3, p34 

    The article considers the economic activity of the Old Believers which played a key role in economic development of Russia in late 18th - early 20th centuries in comparison with the similar modern processes. The author especially focuses on such features of the Old Believers' entrepreneurship,...

  • Les images du consommateur: un essai de relecture chronologique. Balloffet, Pierre // Canadian Journal of Administrative Sciences (Canadian Journal of;Sep2003, Vol. 20 Issue 3, p234 

    This article, by presenting a succession of images, proposes a retrospective look at the development of the field that studies consumption behaviour in the administrative sciences, managerial practices, and consummerism. These images or metaphors report on this re-reading exercise of the field's...

  • Economic Growth: Recent Developments.  // Portugal Country Monitor;Feb2012, p5 

    The article offers information on the developments that led to the growth of the economy in Portugal. Demands in the domestic market would drag down growth in the third quarter of 2011. Private spending remained unchanged at 3.3 percent in the third quarter. The investment spending has decreased...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics