Richard Samuels's book Machiavelli's Children: Leaders and Their Legacies in Italy and Japan raises a number of important issues concerning political leadership and the role individual leaders can play in a nation's history. The book won the 2003 Marraro Prize from the Society for Italian Historical Studies and the 2004 Jervis-Schroeder Prize for the best book in International History and Politics, awarded by the International History and Politics section of the American Political Science Association. This is a roundtable involving four critical essays and the author's response. Discussion centers on the book, its methods, its broader applicability, and the ways in which it dovetails with other intellectual concerns, particularly as these apply to contemporary East Asia.

Deepening economic ties across the Taiwan Strait are widely believed by analysts and scholars to be a stabilizing force in cross-Strait political relations. Yet within the broader international relations literature, the relationship between economic interdependence and military conflict continues to be controversial. This article examines the impact of growing cross-Strait economic links on the likelihood of cross-Strait military conflict within the context of this broader literature. A description of three separate causal mechanisms—identified in the existing literature—through which economic ties could promote peace is followed by a discussion of how broadly these processes are operating in the Taiwan Strait case. Although the article does not rule out the possibility that economic integration across the Strait makes a military confrontation less likely, it shows that the evidence in support of such a proposition is ambiguous.

Ample empirical evidence suggests that Rural Credit Cooperatives (RCCs), which are the core credit institutions in rural China, are not accountable to their member households. This article argues that this conundrum can be explained by an institutional analysis of the credit cooperatives using the multiple principals-agent framework: the credit cooperatives as agents are accountable to multiple heterogeneous principals—with multiple conflicting objectives. The multiple principals are (1) the County RCC Unions, which exercise control using the evaluation criteria on which the remuneration of grassroots RCC officers is assessed; (2) local party secretaries, who exert influence through top personnel appointment and dismissal in the credit cooperatives; and (3) member households, which are a “collective” principal. In a multiple-principals scenario, the “collective” principal has weaker control over the agents due to the “collective action” problem.

This article systematically reviews the macrolevel social policy changes in urban China during recent years. It also provides empirical evidence on how such policy changes reflect on microlevel family benefit levels from 1988 to 2002 using the national China Household Income Project data. The social policy reform process gradually shifted away from welfare provision through work units to greater emphasis on individual taxes and contributions. The government has also taken a more active role in providing a safety net for the urban poor. Empirical results show that even though the real value of social benefits increased over time, its increasing pace was laggard by that of market earnings, yielding a smaller share in final household income since the reforms. Pensions, public assistance, health, and education benefits increased during the period, while housing, food assistance, and supplementary income decreased.

There is significant variance in the strategies of labor market flexibility under the same pressure of globalization. This article attempts to explain that variance by examining closely the Korean case, with particular attention to the response of labor, one of the most intractable actors in the reform process. After theorizing the nature of social welfare as a quasi-collective good and hypothesizing labor's responses based on Olson's theory of collective action, the study seeks to explain Korea's low commitment to flexicurity and the resultant dualism in the labor market. The core argument here is that the collective action problem among atomized corporate unions has led to high employment protection for regular workers in big business at the expense of marginal workers without appropriate social protection.

In nations where the executive has budgetary control, how are spending decisions and allocations affected? Is intraparty conflict relevant? This article sets out to show that institutional rules and leadership roles affect budgetary outcomes. It makes the following argument: if intraparty conflict exists in a one-party dominant or majority-party system, the executive reduces spending to punish the party in the legislature; if no intraparty conflict exists, then the executive increases spending to reward or cultivate loyalty to himself as the party leader. If intraparty conflict exists in a minority government or majority-coalition within a competitive multiparty system, the executive increases spending to reward or cultivate loyalty to himself as the party or coalition leader. Evidence from South Korea and Taiwan between the 1970s and 2000 supports the theory. This study advances scholarship in three ways. First, it shows that institutional rules that provide the executive with agenda control also lead to the strategic use of the budgetary process and outcomes to generate loyalty to the executive as leader. Second, it reveals that this strategy affects spending outcomes in election years; this is an important caveat to electoral spending manipulations. Third, the strategic use of the budget to control intraparty conflict occurred prior to and following democratization; this reveals that institutional changes need to include modifications in rules for policy transformations.

How does the choice of electoral rules affect politicians' incentives to campaign on the basis of personalized support? This article examines to what extent the adoption of new electoral and campaign finance rules affects the incentive of politicians in Japan's Liberal Democratic Party to rely on personal support organizations called koenkai. The core of the analysis utilizes newly collected campaign finance data. The empirical analyses confirm a considerable weakening in the number of koenkai across systems as well as a decreased need for politicians to spend money in the proportional representation tier. These results highlight the importance of previous organizational legacies as well as the efforts of political actors to mitigate the effects of rule change on their election and reelection prospects.

Facing massive protests, why did incumbent regimes in both South Korea and Poland repress movements for democratization in the early 1980s but make democratic concessions to the opposition in the late 1980s? I demonstrate how the United States and the Soviet Union as superpower patron states influenced democratic transitions in South Korea and Poland. The different outcomes across time are partially attributed to superpower policies toward their client states. Absent in 1980 were strong, credible signals from the United States and the Soviet Union to their respective client states to support political liberalization. But in the late 1980s superpowers affected the calculus of client state elites by either signaling or encouraging governments to make concessions to the opposition.

East Asian financial regionalism has advanced significantly since the rejection of Japan's Asian Monetary Fund proposal in 1997. Key ASEAN+3 initiatives include the Chiang Mai Initiative, which is designed to provide emergency liquidity to economies experiencing currency crisis, and the Asian Bond Market Initiative, which seeks to develop regional bond markets. Surprisingly, these initiatives—despite the assertive “regionalist” rhetoric that has surrounded them and their intellectual origins in the analysis of the 1997–1998 Asian financial crisis—are explicitly designed to complement existing features of the global financial architecture, including IMF conditionality and global financial standards. The nesting of East Asian financial regionalism within the global financial architecture results from the political-economic interests of the leading economies of the region. In the absence of a major change in the political-economic environment, nesting is a stable equilibrium and is unlikely to change.

This article deals with the problems of North Korean defectors currently living in South Korea. In the past, most such defectors came from privileged groups in the North Korean population, and their adjustment to the new environment did not pose a significant problem. However, from the mid-1990s, defectors began to come from the far less privileged groups. They experience serious problems related to jobs, education, crime, and social adjustment. Recent years have seen a dramatic but not always openly stated change in the official South Korean attitude toward defectors: from a policy explicitly aimed at encouraging defection, Seoul has moved to the policy of quietly discouraging it. There are fears that encouraging defection will undermine the policy of peaceful engagement with the North. There is also the perception that refugees are outsiders, not quite adjustable to the conditions of South Korean society and thus a social and budgetary burden.

Among the most interesting questions in Thai politics today is how to account for the rise and (until recently) the success of Thaksin Shinawatra and his Thai Rak Thai party. This article describes and analyzes some of the factors that contributed to the rise and success of Thaksin and Thai Rak Thai, arguing that neither Thaksin's personal assets nor the effects of the crisis are enough to explain Thai Rak Thai's rise and success. It focuses instead on the 1997 changes to Thailand's constitution. These institutional reforms were crucial because they altered Thailand's political-institutional landscape in fundamental ways. The reforms provided new opportunities and incentives for political actors that Thaksin and his party adeptly took advantage of. The argument presented is that the key reforms that helped pave the way for the rise of Thaksin and Thai Rak Thai were those reforms that helped reduce the number of political parties and that increased the power of the prime minister relative to coalition partners and intraparty factions.

Communication networks play an important role in the process of political socialization. This article, based on Taiwan's 2002 Taipei and Kaohsiung mayoral election data, investigates the extent to which political discussion with family and close friends affects changes in vote choices. Using two definitions of changes in vote choice—vote switching and partisan defection—the empirical findings support Alan Zuckerman and his followers' structural theory and partially sustain Paul Beck's social support theory. First, partisan voters in both cities who perceive great heterogeneity in their communication networks are likely to switch their vote in two consecutive elections. Second, partisan voters in Kaohsiung who frequently discuss politics within communication networks are not likely to defect their party identification. The implications of the findings for the development of deliberative democracy are discussed.

In the aftermath of the economic crisis of 1997–1998, South Korea undertook a number of reforms in financial supervision. Questions have been raised, however, as to whether Korea has in fact succeeded in creating a system of financial supervision capable of dealing with certain risks and responding to new challenges. This article examines Korea's recent experience in financial instability resulting from misconduct by credit card companies as a case in point and argues that the postcrisis reform in financial supervision was limited to changing formal institutions for financial supervision and that further reforms will have to be undertaken in other related institutions if Korea is to improve its financial supervision.