CONTENTS
Preface = ⅴ
PART Ⅰ Introduction
1 Contemporary Large Scale Income Differences = 3
Poor countries = 3
Major differences in national income = 6
Income distribution within a country = 9
Lower income differences in the early postwar years = 12
Outline of the book = 15
2 The Explanatory Framework = 17
Traditional approach = 17
The parameters of an economy = 22
Institutions as rules = 28
Culture as a determinant of individual choice = 33
Culture, institutions, and income = 38
Cultural change, institutional change, and economic growth = 42
PART Ⅱ Culture and Institutions as Explanatory Variables
3 The Planned vs. Market Economy = 49
Rejection of the market economy = 49
Problems of the planned economy = 53
A particularistic factor in Southeast Asia : the Vietnam War = 58
The socialist economy of Myanmar = 61
Transition to the market economy = 65
4 Economic Freedom in the Market Economy = 72
The perfect market economy = 72
Govenment intervention and economic growth = 74
Restrictions on freedom : social equity and public safety = 82
Restrictions on freedon : nationalization = 86
Economic freedom and growth : by way of summary = 94
5 Law and Order = 96
The market economy requires rules = 96
Crimes = 99
The question of legitimacy = 107
The cost of transactions = 112
Overall evaluation of institutions = 120
6 Culture as a Determinant of Individual Choice = 124
Culture and individual choice = 124
Chineses in Southeast Asia = 127
Indigenes in Southeast Asia = 130
Korean vs. Thai culture = 134
The economic rationality of culture = 140
PART Ⅲ Determinants of Culture and Institutions
7 Historical Heritage = 149
Determinants of Institutions and culture = 149
Religion and Communism = 153
Colonial legacy and economic nationlism = 157
Colonial legacy and anti-Chinese policy = 161
Colonial legacy : a further examination = 165
Historical heritage and path dependency = 168
8 The Factors for Change = 172
Political leadership = 172
Foreign influence = 184
Economic growth = 199
PART Ⅳ Conclusion
9 Summary and Implications = 202
Summary = 202
The implications for development economics = 207
Further Reading = 218
