The Growth Path of the Dynamic Asian Economies: Some of the Newer Elucidations

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

Chapter 3 in An Enquiry into the Asian Growth Model, 2015, pp 49-56 from Palgrave Macmillan

Abstract: Abstract The objective of this chapter is to explore what Asia did to unleash its potential. It focuses on interconnected and mutually dependent policy issues, such as the role of government in markets. It sheds light on the policy mix that was instrumental in their economic growth. This chapter examines some of the more recent explanations of rapid growth in Asia provided by Justin Yifu Lin, Joe Studwell and the several contributions of Michael Pettis. Justin Yifu Lin held the coveted position of the chief economist of the World Bank (2008–2012). During his tenure a lot of rethinking of development theory and policy took place. His research logically focused on this important theme.

Keywords: Industrial Policy; Growth Path; Asian Economy; Washington Consensus; Recent Explanation (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_3

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DOI: 10.1057/9781137529275_3

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