Development Strategy and the Role of Government Policies: Reconsidering the East Asian Experience

Koichi Ohno

Chapter 7 in New Development Strategies, 2004, pp 134-152 from Palgrave Macmillan

Abstract: Abstract Until recently, government intervention in the process of economic development was not seen in a positive light in debates on the successful industrialization experience of East Asia. Rather, under the growing dominance of neoclassical development economics the role of markets was emphasized. However, the naïve neoclassical explanation is now being questioned as a result of more careful analyses of the East Asian experience, together with the lack of success with structural adjustment programmes in developing countries in other regions and with marketization schemes in the former centrally planned economies. Many commentators have reconsidered the part played by government in economic development and spoken positively of the rationality of government intervention in markets.

Keywords: Foreign Direct Investment; Manufacturing Sector; Trade Liberalization; Import Substitution; Trade Regime (search for similar items in EconPapers)
Date: 2004
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-52360-9_7

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230523609

DOI: 10.1057/9780230523609_7

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().