The Economics of Cooperation

Recent economic history poses a challenge to conventional government-versus-market paradigms, for, while there has been spreading disillusionment with the ability of government to replace voluntary exchange, it has also become clear that many modern market successes were stimulated and accelerated by government actions. This book explores the nature and possibilities of "pro-market intervention", especially as it promotes economic development. Its emphasis is upon learning from East Asian success stories just what role government can play in creating or fostering institutions to promote market growth.