 ‘The East Asian Miracle’ Study: Does the Bell Toll for Industrial Strategy?Chapter 4 in Learning from the Asian Tigers, 1996, pp 107-123 from Palgrave Macmillan Abstract: Abstract The World Bank’s East Asian Miracle study1 has been anticipated with considerable interest by the development community. It was intended (not least by the Japanese government that financed it) to be an objective re-examination of the role of government interventions in economic, particularly industrial, development. It reflected a widespread unease that the Bank was too strongly committed to a neoliberal view of the development process.2 This approach evolved over the 1980s, drawing mainly upon evidence from East Asia, and fuelled by a shift in mainstream economics and political perceptions in the leading developed countries. It formed the basis of the Bank’s subsequent lending and policy advice, and was at the core of the structural adjustment programs that have shaped policy in many developing countries. This review confines itself to the study’s analysis of industrial policy, concentrating on the approach and the analysis of the established NIEs (the ‘Four Tigers’). Keywords: Market Failure; Industrial Policy; Selective Intervention; Capability Development; Innovative Capability (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-38989-2_4 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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