Download or read book Small Countries, Big Lessons written by Hilton L. Root and published by Oxford University Press, USA. This book was released on 1996 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hilton L. Root examines the governance of South Korea, Taiwan, Singapore, Hong Kong, Malaysia, Indonesia, and the Philippines, showing how thay have constructed reliable institutions. Political sovereignty, he argues, must be distinguished from economic ownership so that government service does not become a path to great personal wealth; economic and political activities of regime officials must be kept separate. With these fundamentals of governance in place, East Asian governments have established a secure foundation for economic property rights. The rise of industrial Asia provides important insights into how governments become accountable for the outcome of economic policy. The lessons in this book will help scholars and policy makers identify what is transferable from East Asia's rapid economic expansion, and link that expansion to the universal themes of social and economic development.