Эволюционная теория экономической политики: Часть I: Опыт быстрого развития

An Evolutionary Theory of Economic Policy: Part I: The Experience of Fast Development

Victor Polterovich and Vladimir Popov
Authors registered in the RePEc Author Service: Виктор Меерович Полтерович

MPRA Paper from University Library of Munich, Germany

Abstract: This article presents the first part of the work on how instruments and methods of the growth promotion should change as a country approaches the level of advanced economies in terms of welfare and the quality of institutions. We describe the evolution of economic policies in Western countries and also in countries that became known as "economic miracles" during their catch up development. Our analysis allows to trace the major directions of such evolution: from import substitution to export orientation, from regulation of import tariffs to non-selective policy of the real exchange rate undervaluation, from import of technology to domestically based research and development, from creation of large companies to support of small and medium-size firms.

Keywords: economic growth; institutions; "economic miracles" (search for similar items in EconPapers)
JEL-codes: O10 (search for similar items in EconPapers)
Date: 2006
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (162)

Published in Voprosy ekonomiki 7 (2006): pp. 4-23

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