Making the international system work for the platinum age of Asian growth

Ross Garnaut

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review


The history of world civilization and of economic growth is the history of the emergence of institutions that support the provision of ‘public goods’. The mechanisms for providing public goods secure the internalization of external costs of private maximizing behaviour, and reduce costs of transactions amongst citizens and between citizens and the state. Each new period in human material progress has required development of new mechanisms to provide public goods, allowing expansion of the division of labour amongst larger numbers of people in more disparate locations.
Original languageEnglish
Title of host publicationInternational Institutions and Asian Development
EditorsShiro Armstrong and Vo Tri Thanh
Place of PublicationAbingdon, UK and New York USA
PublisherRoutledge, Taylor & Francis Group
ISBN (Print)9780415497541
Publication statusPublished - 2011


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