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The role of good governance in the knowledge-based economic growth of East Asia : A study on Japan, newly industrialized economies, Malaysia and China

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  • The role of good governance in the knowledge-based economic growth of East Asia
  • Chandra, Debnath Sajit; Yokoyama, Kenji
  • Ritsumeikan University


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Title The role of good governance in the knowledge-based economic growth of East Asia
Similar Titles
Sub Title

A study on Japan, newly industrialized economies, Malaysia and China

Material Type Articles
Author(English)

Chandra, Debnath Sajit; Yokoyama, Kenji

Publisher

[Kyoto]:Ritsumeikan University

Date 2011-03
Journal Title; Vol./Issue Social Systems Research:no. 22
Pages 28
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Original Format pdf
Subject Economy < Economic Conditions
Government and Law < Governance
Holding Ritsumeikan University

Abstract

Technology transfer from the developed countries has been made possible by foreign direct investments (FDI). The East Asian Miracle of industrial development with FDI has been led by the governments. The Newly Industrialized Economies (Korea, Taiwan, Hong Kong and Singapore), Malaysia and China, led by Japan, are currently moving towards knowledge-based economy from the product economy in the post-industrialization period. It is now well established that knowledge created through innovation and technological progress is the long-term driver of economic growth for the stated economies. The governments of the above mentioned economies have shown remarkable success in creating a knowledge-based economy through attracting large amount of FDI. It appears that countries with ‘good governance’ environments tend to attract more FDI. In the case of the selected countries of this study, FDI is contributing to the development of knowledge-based economy as it did during the industrialization period. (The rest omitted)