000			01319pab a2200169 454500
008			180718b2016 xxu||||| |||| 00| 0 eng d
100			_aKnott, Jack H.
245			_aGovernance and economy in Asia and the United States: institutions, instruments and reform
260			_c2016
300			_ap.7-23.
362			_aMar
520			_aEffective governance involving the use of various institutions and instruments is very important for economic development. While many states fail to achieve even the minimal features of effective governance, state capitalism has proven to be a successful model economically. The problem is that state capitalism is frequently associated with authoritarian and corrupt regimes. Over time, such regimes limit economic efficiency, ignore the environment, and under-invest in social and health services. In the West and some Asian countries, these conditions have led to substantial reform in democratic governance. Singapore and possibly the People's Republic of China offer alternative models of reform, reducing corruption and somewhat liberalising their economies in the absence of well-developed democratic governance.
650			_aEconomic and social development
650			_aPublic administration
773			_aAsia Pacific Journal of Public Administration
909			_a111505
999			_c111500 _d111500