Bryan Cheang - Böcker

This volume challenges dominant narratives about Southeast Asia's development by bridging a long-standing intellectual divide. On the one hand, liberal thinkers rarely engage with the developmental histories and practices of the non-Western world. On the other, Asian scholars and heterodox critics often treat economic liberalism as a "neoliberal" project imported in unsavoury circumstances. Bringing these worlds into conversation, Southeast Asia's Development advances a distinct view of liberal development in the tradition of Adam Smith and F.A. Hayek--rooted in individualism, social pluralism, and negative rights--to expose the failures of the region's entrenched model of elite-driven political capitalism. While globalization and partial liberalization since the 1980s have raised living standards, Southeast Asian states continue to uphold regimes that hollow out personal agency, treating citizens as instruments of national performance, economic units to be optimized, or bodies to be disciplined, rather than as persons with ends of their own. This volume advances a new normative ideal: development as freedom to discover, treating development as the preservation of individual spaces that enable people to pursue their own conceptions of good within the rules they help shape. It is thus a call to reimagine development not as a collective end-goal but an open-ended process of human discovery and institutional experimentation.

This book provides a fresh perspective on the debate over the role of the state in East Asia’s development history. Comparing the post-war development policies of Singapore and Hong Kong, it argues that their strong economic performances preceded and persisted despite, not because of, developmental state policies. While both nations are not pure free markets, the Hong Kong economy comes closer to that ideal and exhibited clear advantages over state-driven Singapore, in terms of greater levels of indigenous entrepreneurship, productivity and innovation.The book highlights the complex ways in which states penetrate markets, which are often neglected in liberal accounts of Hong Kong and Singapore as ‘free-market success stories’. At the same time, it also stands as a cautionary tale on the use of non-comprehensive development planning in the twenty-first century, where an unprecedented degree of complexity complicates economic policy and industrial upgrading. The book renews the case for economic liberalism in development policy through a unique Asian cultural lens.

This book provides a fresh perspective on the debate over the role of the state in East Asia’s development history. Comparing the post-war development policies of Singapore and Hong Kong, it argues that their strong economic performances preceded and persisted despite, not because of, developmental state policies. While both nations are not pure free markets, the Hong Kong economy comes closer to that ideal and exhibited clear advantages over state-driven Singapore, in terms of greater levels of indigenous entrepreneurship, productivity and innovation.The book highlights the complex ways in which states penetrate markets, which are often neglected in liberal accounts of Hong Kong and Singapore as ‘free-market success stories’. At the same time, it also stands as a cautionary tale on the use of non-comprehensive development planning in the twenty-first century, where an unprecedented degree of complexity complicates economic policy and industrial upgrading. The book renews the case for economic liberalism in development policy through a unique Asian cultural lens.

Specifically, this book integrates the theoretical discussion on market-driven development with a range of case studies from around the world, featuring the bottom-up efforts of local change agents to pursue institutional reforms and changes in social opinion.