The Rise of Ersatz Capitalism in South-East Asia

Download or read book The Rise of Ersatz Capitalism in South-East Asia written by Kunio Yoshihara and published by Oxford University Press, USA. This book was released on 1988 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book by a leading expert considers the growth of an inefficient superlayer in Southeast Asian economies and assesses the problems that this poses for future economic development. Yoshihara argues that as technological backwardness, the low quality of government intervention, and discrimination against those of Chinese descent have prevented capitalism from stimulating development, there has emerged a brand of ersatz capitalism very different from the capitalism in Japan and the West. He goes on to offer recommendations for creating a dynamic capitalism while acknowledging that obstacles to their implementation exist in current Southeast Asian social and political systems.