Industrial Policy in an Era of Globalization: Lessons from Asia

Ön Kapak
Institute for International Economics, 2003 - 121 sayfa
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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İçindekiler

Industrial Policies in Japan Korea and Taiwan
37
References
38
Index
54
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Yazar hakkında (2003)

Marcus Noland, Senior Fellow, has been the Senior Economist for International Economics at the Council of Economic Advisers, as well as a visiting professor at Johns Hopkins University, the University of Southern California, Tokyo University, Saitama University, the University of Ghana & a visiting scholar at the Korea Development Institute. He has written many articles on international economics & is the coauthor of Global Economic Effects of the Asian Currency Devaluations (1998), Reconcilable Differences? United States-Japan Economic Conflict with C. Fred Bergsten (1993), Pacific Basin Developing Countries: Prospects for the Future (1990) & Japan in the World Economy with Bela Balassa (1988), the coeditor of Pacific Dynamism & the International Economic System (1993) & editor of Economic Integration of the Korean Peninsula (1998).

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