Asian Economic and Legal Development - Uncertainty, Risk and Legal Efficiency (Hardcover)

This volume describes Asian economic development from a variety of disciplines: history, jurisprudence, economics, anthropology, economic history and economic development. The efficiency of the legal system is an important factor in development. In so far as the legal system clearly establishes easily ascertainable rules that are equally applicable, the uncertainty of doing business is reduced. The book applies this principle to several Asian nations which have been leaders in economic development - Japan, Korea, China, Hong Kong, Indonesia and Thailand. It aims to show that the theoretical model effectively explains their successful growth as well as their recent collapse.