The Rise of Ersatz Capitalism in South-East Asia

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Oxford University Press, 1988 - Asia, Southeastern - 297 pages
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.

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Contents

Foreign Capital
5
Chinese Capital
37
Rentseekers
68
Copyright

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