Industrial Policy in an Era of Globalization: Lessons from Asia by Marcus Noland, Howard Pack, Howard Pack | | 9780881323504 | Paperback | Barnes & Noble
Industrial Policy in an Era of Globalization: Lessons from Asia

Industrial Policy in an Era of Globalization: Lessons from Asia

by Marcus Noland, Howard Pack, Howard Pack
     
 

ISBN-10: 0881323500

ISBN-13: 9780881323504

Pub. Date: 10/15/2002

Publisher: Peterson Institute for International Economics

Globalization reigns supreme as a description of recent economic transformation-and it carries many meanings. In the policy realm, the orthodox terms of engagement have been enshrined in the "Washington consensus." But disappointing results in Latin America and transitional economies-plus the Asian financial crisis-have shaken the faith in Washington and elsewhere.

Overview

Globalization reigns supreme as a description of recent economic transformation-and it carries many meanings. In the policy realm, the orthodox terms of engagement have been enshrined in the "Washington consensus." But disappointing results in Latin America and transitional economies-plus the Asian financial crisis-have shaken the faith in Washington and elsewhere. One response has been to hearken back to the more statist policies that the consensus marginalized. In this regard, Japan, Korea, and Taiwan are promoted as the poster nations that have derived great benefits from increasing integration with the international economy, without surrendering national autonomy in the economic or cultural spheres, effectively beating the West at its own game.

The fundamental questions addressed in this monograph are whether industrial policy was indeed a major source of growth in these three economies, and if so, can it be replicated under current institutional arrangements, and if so, is it worth replicating, or, would developing countries today be better off embracing the suitably refined orthodoxy?

Product Details

ISBN-13:
9780881323504
Publisher:
Peterson Institute for International Economics
Publication date:
10/15/2002
Edition description:
New Edition
Pages:
121
Product dimensions:
6.00(w) x 8.90(h) x 0.50(d)

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