Industrial Policy in an Era of Globalization: Lessons from AsiaColumbia University Press, 7 Mar 2003 - 144 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? |
İçindekiler
Chapter 1 Introduction | 1 |
Chapter 2 Industrial Policies in Japan Korea and Taiwan | 21 |
Chapter 3 Unintended Consequences | 67 |
Chapter 4 Replicability | 77 |
Chapter 5 Conclusions | 93 |
| 103 | |
| 111 | |
Diğer baskılar - Tümünü görüntüle
Industrial Policy in an Era of Globalization: Lessons from Asia Marcus Noland,Howard Pack Sınırlı önizleme - 2003 |
Industrial Policy in an Era of Globalization: Lessons from Asia Marcus Noland,Howard Pack Metin Parçacığı görünümü - 2003 |
Industrial Policy in an Era of Globalization: Lessons from Asia Marcus Noland,Howard Pack Metin Parçacığı görünümü - 2003 |
Sık kullanılan terimler ve kelime öbekleri
Argentina argue Asia Asian countries benefits calculated capita income chaebol chapter competitive corruption costs developing countries direct subsidies economies effects efforts ERPs estimates evidence example export externalities favored figure firms foreign Fred Bergsten funds government’s growth accounting heavy and chemical Hong Kong human capital impact of industrial implement important incentives increase indus industrial policy initial input-output inputs institutions investment Japanese Korea and Taiwan Kuomintang labor levels loans machinery macroeconomic manufacturing market failures neglected sectors Noland OECD output Pack and Westphal percent period physical capital policymakers political potential productivity growth promoted sectors pursued quantitative real exchange rate relatively result Rodrik role selective industrial policies selective intervention share Source success targeted tariff TFP growth rates tion total factor productivity trade protection trial policy value added Washington consensus welfare welfare-enhancing World Bank