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Miracle to Meltdown in AsiaBusiness, Government and Society$
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Norman Flynn

Print publication date: 1999

Print ISBN-13: 9780198295525

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198295525.001.0001

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The Family, the Company, and the State

The Family, the Company, and the State

(p.109) Chapter 6 The Family, the Company, and the State
Miracle to Meltdown in Asia

Norman Flynn

Oxford University Press

This chapter asks the question: how do people in the region make provision for old age and periods of sickness and unemployment? This includes the question of how generations look after each other, how much people save, and what role the governments play in this area. These questions are related to economic development in two ways: the savings rate of some countries has been high and the savings of individuals and families have been made available through the banks for investment. The degree to which the state is involved in collecting savings from taxation and how the state uses those savings has also had an impact on government investment and on the level of taxation.

Keywords:   unemployment, economic development, savings rate, savings, families, banks, investment, state, taxation

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