The Asian Growth Model: Myth or Reality?

Dilip K. Das
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Dilip K. Das: University of Geneva

Chapter 2 in An Enquiry into the Asian Growth Model, 2015, pp 10-48 from Palgrave Macmillan

Abstract: Abstract The focus of this chapter is that rapid and sustained growth achieved by a group of Asian economies made researchers, policymakers and decision makers in the world of international business search for a plausible and unique Asian model of growth. This issue has been examined from different pertinent angles in this chapter, and the conclusion is that no such sure-fire miracle growth model exists for the high-performing economies of Asia. This is not to deny that high-growth Asian economies, mutatis mutandis, adopted certain common strategies. Industrial policy, role of the government and developmental state are some of the important issues covered in this chapter. This chapter revisits the debate on the ‘Beijing consensus’ vis-à-vis the ‘Washington consensus’. Old and new structuralist theories are also dealt with in detail in this chapter.

Keywords: Foreign Direct Investment; Industrial Policy; Dynamic Economy; State Capitalism; Asian Economy (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-52927-5_2

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DOI: 10.1057/9781137529275_2

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