The Asian Growth Model: A Meta-Analysis

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

Chapter 4 in An Enquiry into the Asian Growth Model, 2015, pp 57-88 from Palgrave Macmillan

Abstract: Abstract The objective of this chapter is to conduct a literature review of the Asian economic development model and its related strategic and supportive policy strands. To this end a meta-analysis has been attempted in this chapter. Its scope is broad and covers the developments in the Asian growth model during the post-World War II period. This chapter emphasizes that, in the process of implementing the export-led growth model, these dynamic Asian economies initiated liberal and market-oriented macroeconomic policy reforms. This strategy was responsible for trade expansion being regarded as an ‘engine of growth’. Under this model of economic growth, trade policy played a central role. It gradually became accepted wisdom that growth prospects for developing economies greatly improved by adopting outward-oriented trade regimes and fairly uniform incentives for production across exporting and import-substituting goods. The term ‘export-led growth’ can be interpreted as growth driven by net exports.

Keywords: Foreign Direct Investment; Trade Policy; Industrial Policy; Total Factor Productivity Growth; 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_4

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DOI: 10.1057/9781137529275_4

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