Industrial Policy in an Era of Globalization: Lessons from AsiaInstitute for International Economics, 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? |
Dall'interno del libro
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Pagina 45
... growth rate of capital stock , and sectoral total factor productivity in Korea , 1963-83a Dependent variables Total factor productivity Independent Value variableb added Capital accumulation Log ( initial value added ) -0.163 0.025 ...
... growth rate of capital stock , and sectoral total factor productivity in Korea , 1963-83a Dependent variables Total factor productivity Independent Value variableb added Capital accumulation Log ( initial value added ) -0.163 0.025 ...
Pagina 57
... rates of protection ( or subsidy ) . Their method then assumes that any exceptional growth in the favored industrial sec- tors was due entirely to industrial policy and that the TFP growth rate in such sectors was doubled . With these ...
... rates of protection ( or subsidy ) . Their method then assumes that any exceptional growth in the favored industrial sec- tors was due entirely to industrial policy and that the TFP growth rate in such sectors was doubled . With these ...
Pagina 97
... growth ( Pack and Westphal 1986 ) ? Growth in output per worker is a function of the growth rate of TFP and of the growth rate of the ratio of capital to labor . As shown in table 4.3 , in the critical period 1960–73 , TFP growth rates ...
... growth ( Pack and Westphal 1986 ) ? Growth in output per worker is a function of the growth rate of TFP and of the growth rate of the ratio of capital to labor . As shown in table 4.3 , in the critical period 1960–73 , TFP growth rates ...
Sommario
Industrial Policies in Japan Korea and Taiwan | 21 |
Unintended Consequences | 67 |
Replicability | 77 |
Copyright | |
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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 Anteprima limitata - 2003 |
Industrial Policy in an Era of Globalization: Lessons from Asia Marcus Noland,Howard Pack Visualizzazione estratti - 2003 |
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agreement Argentina argue Asia Asian countries Balassa benefits Brazil capita income chaebol competitive corruption costs developing countries domestic dustrial East Asian effect Endowment triangle evidence example export externalities favored firms foreign Fred Bergsten Gary Clyde Hufbauer Global growth accounting Hong Kong human capital implementation important incentives increase India indus industrial policy initial input-output inputs International Economics investment ISBN Japan Japanese Jeffrey John Williamson Korea and Taiwan labor levels loans machinery macroeconomic Malaysia manufacturing Marcus Noland measure neglected sectors OECD output Pack and Westphal Pakistan percent period Philippines physical capital policymakers political ports productivity growth reforms relatively Rodrik role SaKong Schott selective intervention Singapore Source subsidies success targeted tariffs TFP growth rates Thailand tion total factor productivity Trade Policy trial policy United University Press Uruguay Round Washington Washington consensus worker World Bank World Economy