Introduction

Mauricio Moreira

A chapter in Industrialization, Trade and Market Failures, 1995, pp 1-3 from Palgrave Macmillan

Abstract: Abstract The outstanding industrial and macroeconomic performances of the East Asian newly industrialized countries (NICs) over the last three decades (Table 1), have deeply affected the debate over the best strategy for a successful industrialization. The structuralist thinking, which had originated and dominated development economics during the 1950s and 1960s, and which emphasized government intervention in the face of the LDCs’ ‘structural rigidities’, was gradually replaced over the 1970s and 1980s by a new orthodoxy: the so-called neoclassical approach.1

Keywords: Market Failure; Macroeconomic Performance; Import Bill; Structuralist Thinking; Asian NICs (search for similar items in EconPapers)
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-23698-5_1

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DOI: 10.1007/978-1-349-23698-5_1

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