Interest in the political economies of Asia has grown rapidly in recent years. This is partially the result of economic growth. The 13 economies treated in this chapter, for instance, now account for more than one-third of world gross domestic product (GDP) at purchasing power parity (PPP) (World Bank 2016).
But part of this interest has also been piqued by the realization that the institutional arrangements of most Asian economies vary considerably from those seen in advanced industrialized Western economies. This variance opens up new possibilities for the testing of existing theory and the building of new theory, whether on the institutional make-up of different political economies itself, or on the impact of theses institutions on the firms and other economic actors they embed.