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Governance and Sustainable Systems of Development

1998–1999

For three decades, East Asia enjoyed unprecedented economic growth, so impressive as to be dubbed the "East Asian miracle." In 1997, however, that economic develoment miracle came to an abrupt halt. The massive meltdown across the region confounded both laymen and experts, prompting JCIE to initiate a research project to reexamine the East Asian miracle, analyze what went wrong, and propose measures and systems that would allow for sustainable growth in the future.

A group of scholars from Japan, South Korea, China, and five ASEAN countries formulated new perspectives on the sources of the Asian crisis by focusing on the concepts of governance and sustainable development, exploring the different levels of governance, criteria for "good governance," determinants of a sound financial system, and the possible impact of environmental and natural resource limits on growth. The project was launched in February 1998, under the direction of Chia Siow Yue of the Institute of Southeast Asian Studies (ISEAS). Following a preliminary workshop at the Fourth APAP Forum in Singapore in October 1998, a final workshop was held in July 1999, also in Singapore.

Participants

Project Director
Chia Siow Yue Director, Institute for Southeast Asian Studies (Singapore)
Indonesia
Hadi Soesastro Senior Fellow, Centre for Strategic and International Studies
Malaysia
Syarisa Yanti Abubakar Research Officer, Malaysian Institute of Economic Research
Singapore
Leonard Sebastian Researcher, Institute for Southeast Asian Studies
Philippines
Dante Canlas Enrique Virata Professor of Economics, University of the Philippines
China
Sheng Hong Senior Fellow, Institute of Economic Studies, Chinese Academy of Social Sciences
Japan
Takashi Kiuchi Economic Advisor, Shinsei Bank
South Korea
Jung Ku-hyun Professor and Dean, Graduate School of Business Administration, Yonsei University
Thailand
Wisarn Pupphavesa Dean, School of Development Economics, National Institute of Development Administration