The Institutional Basis of East Asia's Economic Crises

Autors/ores

  • Christopher Lingle

Resum

Restructuring and modernization of basic political institutions is the crucial key for longterm recovery of East Asia's crisis economies. These steps are necessary to restore confidence and allow for their economies to stabilize as the first step towards recovery. Then they must recapture or reengineer their respective competitive positions in the global economy. Long-term competitiveness will require gains in overall productivity embodied in advanced technical systems and greater investments in human capital. Unfortunately, East Asia is lagging in these areas. High prestige projects have given a false impression of widespread adoption of new technology that has actually been quite low for most of the region.

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Publicat

2001-03-22

Número

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