Industrial Policy in an Era of Globalization: Lessons from AsiaPeterson Institute, 2003 - 121 pagine Globalization reigns supreme as a description of recent economic transformation--and it carries many meanings. In the policy realm, the orthodox terms of engagement have been enshrined in the "Washington consensus." But disappointing results in Latin America and transitional economies--plus the Asian financial crisis--have shaken the faith in Washington and elsewhere. One response has been to hark back to the more statist policies that the consensus marginalized. In this regard, Japan, Korea, and Taiwan are promoted as the poster nations that have derived great benefits from increasing integration with the international economy, without surrendering national autonomy in the economic or cultural spheres, effectively beating the West at its own game. The fundamental questions addressed in this monograph are whether industrial policy was indeed a major source of growth in these three economies, and if so, can it be replicated under current institutional arrangements, and if so, is it worth replicating, or, would developing countries today be better off embracing the suitably refined orthodoxy? |
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... Journal of Development Economics , and World Bank Economic Review . He is the author of Productivity , Technology and Industrial Development ( Oxford University Press , 1987 ) and Structural Change and Economic Policy in Israel ( Yale ...
... Journal of Development Economics , and World Bank Economic Review . He is the author of Productivity , Technology and Industrial Development ( Oxford University Press , 1987 ) and Structural Change and Economic Policy in Israel ( Yale ...
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Altre edizioni - Visualizza tutto
Industrial Policy in an Era of Globalization: Lessons from Asia Marcus Noland,Howard Pack Anteprima limitata - 2003 |
Industrial Policy in an Era of Globalization: Lessons from Asia Marcus Noland,Howard Pack Visualizzazione estratti - 2003 |
Industrial Policy in an Era of Globalization: Lessons from Asia Marcus Noland,Howard Pack Visualizzazione estratti - 2003 |
Parole e frasi comuni
Argentina argue Asia Balassa benefits capita income chaebol Cline comparative advantage competitive corruption costs developing countries domestic dustrial East Asian editor effects evidence export externalities favored firms foreign Fred Bergsten Gary Clyde Hufbauer Global growth accounting Hong Kong human capital impact of industrial implement important incentives increase indus industrial policy initial input-output inputs Institute for International International Economics investment ISBN Japanese Jeffrey John Williamson Journal Korea and Taiwan labor loans machinery macroeconomic manufacturing Marcus Noland market failures neglected sectors OECD Okuno output Pack and Westphal percent period physical capital policymakers productivity growth quantitative real exchange rate reforms relatively Rodrik role SaKong Schott selective intervention September Singapore Source strategy success Taiwan targeted tariff TFP growth rates tion total factor productivity Trade Policy trial policy United University Press Washington Washington consensus World Bank World Economy