Globalization, Governance, and the Political‐Economy of Public Policy Reform in East Asia

Abstract

In the wake of the crisis that developed in East Asia during 1997, perceptions of the region have been transformed. Critics claim that East Asian political practices and economic structures must be reformed if the region is to prosper in an era of globalization. In short, the region must adopt a different sort of public policy, one associated with an influential agenda of “good governance.” This paper critically assesses this discourse and the predominately “Western” assumptions that underpin it. It is argued that, not only is this reformist agenda likely to be resisted by powerful vested interests, but the institutional infrastructure to support such a style of governance is inadequately developed in East Asia.