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"Democratization and state building are fundamental political processes, yet scholars cannot agree on which process should be prioritized in order to put countries on a positive path of institutional development. Where much of the existing literature on the state-democracy nexus focuses on quantitative cross-national data, this volume offers a theoretically grounded regional analysis built around in-depth qualitative case studies. The chapters examine cases of successful democratic consolidation (South Korea, Taiwan), defective democracy (Philippines, Indonesia, East Timor), and autocratic reversal (Cambodia, Thailand). The book's evidence challenges the dominant 'state first, democracy later' argument, demonstrating instead that stateness is neither a sufficient nor a necessary condition for democratic consolidation. The authors not only show that democratization can become trapped in path-dependent processes, but also that the system-level organization of informal networks plays a key role in shaping the outcome of democratic transitions."

"Peran demokrasi menjadi semakin penting dalam memastikan manfaat investasi langsung asing untuk mendorong pembangunan. Makalah ini mengkaji hubungan antara demokrasi dan FDI, serta pengaruhnya terhadap pertumbuhan ekonomi. Penulis menggunakan regresi model data panel dengan menggunakan data dari lima negara ASEAN (ASEAN-5) dan tiga negara Asia Timur selama periode 1997-2019. Hasil empiris penelitian ini menemukan bahwa penanaman modal asing secara statistik mempunyai hubungan yang positif dan signifikan terhadap pertumbuhan ekonomi. Namun, kebebasan ekonomi di negara tuan rumah tidak berkorelasi dengan pertumbuhan ekonomi karena hasilnya menunjukkan korelasi yang signifikan dan negatif antara demokrasi dan pertumbuhan. Studi ini juga menemukan bahwa dampak FDI terhadap pertumbuhan bergantung pada tingkat demokrasi di negara tuan rumah. Koefisien positif hasil istilah interaksi antara demokrasi dan FDI menunjukkan bahwa FDI berkorelasi positif dengan pertumbuhan di negara demokrasi yang lebih kuat.

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The role of democracy has become increasingly important in ensuring the benefits of foreign direct investment to promote development. This paper investigates the relationship between democracy and FDI, as well as their influence towards economic growth. The author uses panel data model regression using data from five ASEAN countries (ASEAN-5) and three East Asian countries over the period of 1997-2019. The empirical results of this research found that foreign direct investment has statistically positive and significant correlation on economic growth. However, the economic freedom in the host country is not correlated with economic growth as the results show a significant and negative correlation between democracy and growth. This study also found that the impact of FDI on growth is dependent on the democracy level in host country. The positive coefficient in the interaction term results between democracy and FDI indicates that FDI is positively more correlated with growth in stronger democratic countries."

"The futureof the East Asian region has been consideret by many analysis in the West as the most brittle and instable part of the world because the region has not estabilished a regional order, backed by regional instutions such as the EU and NATO in the European region..."