Development Strategies: Lessons from the Experiences of South Korea, Malaysia, Thailand and Vietnam

Haider Khan ()

No wp-2010-010, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This piece synthesizes the development strategies of Korea, Malaysia, Thailand and Vietnam and draws some relevant lessons. Using a complex adaptive systems approach, strategic openness, a set of heterodox macroeconomic policies, creation of institutions for productive investment in both agriculture and industry, avoidance of severe inequalities and political conflict, special initial conditions and willingness to learn from unexpected developments are found to be some of these factors.

Keywords: Economic development; Economic policy; Technological innovations (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (1)

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