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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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(p.145) Conclusions
Miracle to Meltdown in Asia

Norman Flynn

Oxford University Press

This chapter draws some conclusions about the variety of ways in which the nations of the region are organized in the spheres of economy, politics, the family, welfare, and the way in which the state is managed, and assesses whether the response to the crisis means an end to the old modes of governance. Three modes of governance are present in different balances in the countries of the region: (1) relationships are based on values and ethical rules that are in turn based on position; (2) the idea of rule by a combination of market principles and some form of competition for power within a framework of law; and (3) rule by force. This chapter reviews the main features of the economy, politics, labour and welfare, and management of government operating according to the three modes and how the modes are applied in the region. It then looks at how changes in the governance rules have been made in recent years and at the implications of these shifts for economic growth and stability.

Keywords:   economy, politics, family, welfare, governance, market principles, rule by force, labour

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