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003 OSt
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008 070523s2007 xx ||||gr |0|| 0 eng d
100 1 _aYAP, O. Fiona
_931948
245 1 0 _aGovernment´s credible commitment in economic policy-making :
_bevidence from Singapore
260 _aDordrecht, Netherlands :
_bSpringer,
_cDecember 2003
520 3 _aStudies of participatory policy-making show citizens participation in policy-making yield better solutions and more successful policy performance. But studies of the Asian Newly Industrialized Countries (NICs) of South Korea, Singapore and Taiwan attribute the successful economic policies and performance of these NICs to strong governments that limit citizens participation or ignore their policy preferences. Are the Asian-NICs unique? This paper examines Singapore between the 1960s and 1990s to show empirically that, contrary to findings in Asian studies, the government bargains by credibly committing to include and realize private sector input. This government bargaining through credible commitment alleviates production investors concerns that government may arbitrarily set policies or even seize property. The governments bargaining conforms to the following pattern: When the economy performs optimally, the government does nothing; however, when it is less-than-optimal, the government compensates production investors or demotes or replaces its representatives or agents, and increases private sector participation in monitoring, evaluation or modification of the governments policies. This evidence of government bargaining advances existing scholarship in important ways. First, it provides a theoretical framework to understand if, how, and when government bargains with resource owners in the less-democratic NICs. In particular, the framework reveals how government bargaining may be credible despite the lack of formal constraints in these countries. Second, it shows that policy success in the Asian-NICs is the result of government bargaining with resource owners and not the result of limiting participation. This credible commitments argument, then, provides a new perspective on policy success in the NICs
773 0 8 _tPolicy Sciences
_g36, 3-4, p. 237-255
_dDordrecht, Netherlands : Springer, December 2003
_xISSN 0032-2867
_w
942 _cS
998 _a20070523
_b1712^b
_cTiago
998 _a20070604
_b1425^b
_cZailton
999 _aConvertido do Formato PHL
_bPHL2MARC21 1.1
_c23586
_d23586
041 _aeng