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Coordinating success, predicting failure? Why the market vs state debate misses the mark in Asia

Commander, Simon; Estrin, Saul - 2023

Much of the debate about Asia's economic success has focussed on the respective roles of the market and state. It has …, across the different economic and political systems in Asia, a common feature has emerged in which government and big …, Asia has found a solution to many of the problems of economic development by a different type of coordination. Whilst …

Persistent link: https://www.econbiz.de/10014374753

The practice of industrial policy. Lessons for Africa: Co-ordination through an Asian lens

Lin, Justin Yifu; Vu, Khuong Minh - 2014

African countries are facing great opportunities but also formidable challenges in accelerating economic growth and sustaining a high level of economic performance. The experiences of East Asian countries may offer valuable insights for African leaders and governments in making concerted efforts...

Persistent link: https://www.econbiz.de/10010494231

The European Union's industrial policy: What are the main challenges?

Landesmann, Michael; Stöllinger, Roman - 2020

This policy report stakes a stance on industrial policy in the European Union in the light of the revived interest in the subject and the most pressing challenges ahead. In the current global context these challenges are: (i) to keep pace at the technology frontier with the technologically most...

Persistent link: https://www.econbiz.de/10012272120

Manufacturing Revolutions: Industrial Policy and Industrialization in South Korea

Lane, Nathan - 2022

I study the impact of industrial policy on industrial development by considering a canonical intervention. Following a political crisis, South Korea dramatically altered its development strategy with a sector-specific industrial policy: the Heavy and Chemical Industry (HCI) drive, 1973-1979....

Persistent link: https://www.econbiz.de/10013346848

Building the entrepreneurial state: A new framework for envisioning and evaluating a mission-oriented public sector

Mazzucato, Mariana - 2015

Today, countries around the world are seeking "smart" innovation-led growth, and hoping that this growth is also more "inclusive" and "sustainable" than in the past. This paper argues that such a feat requires rethinking the role of government and public policy in the economy - not only funding...

Persistent link: https://www.econbiz.de/10010513032

Management of oil revenues: Has that of Azerbaijan been prudent?

Gurbanov, Sarvar; Nugent, Jeffrey B.; Mikayilov, Jeyhun - In: Economies 5 (2017) 2, pp. 1-20

To help explain the common failure of oil or other natural resource exporting countries to diversify into industry, it has been common to trace this failure to real exchange rate appreciation. This has also been done in Azerbaijan. However, because Azerbaijan has devoted so much of its oil...

Persistent link: https://www.econbiz.de/10012009773

The unfinished business of state-owned enterprise reform in the People's Republic of China

Holz, Carsten A. - 2019

This paper examines the progress of state-owned enterprise (SOE) reform in the People’s Republic of China. After defining SOEs and considering their scope of operation within the PRC economy, the focus of the paper is on the major reform waves that followed the deterioration of SOE...

Persistent link: https://www.econbiz.de/10012052794

Japan's model of economic development: Relevant and nonrelevant elements for developing economies

Kimura, Fukunari - 2009

Japan was the first non-western country to accomplish successful industrialization, and the dominant perception of its industrial policy had over-emphasized specific characteristics of Japan. However, from the perspective of today's development thinking, Japan's economic history shared a wide...

Persistent link: https://www.econbiz.de/10010273491

Schumpeter in practice: The role of credit for industrial policy in China

Geißendörfer, Lisa; Haas, Thomas - 2022

Since the late 1970s, the Chinese government has been undertaking major efforts in developing their countries economy by means of industrial policy. However, a more narrow approach to industrial policy has been pursued only since 2010, with the initiation of the 'Strategic Emerging Industries'...

Persistent link: https://www.econbiz.de/10014329440

Exports, capabilities, and industrial policy in India

Felipe, Jesus; Kumar, Utsav; Abdon, Arnelyn - 2010

An extensive literature argues that India's manufacturing sector has underperformed, and that the country has failed to industrialize; in particular, it has failed to take advantage of its laborabundant comparative advantage. India's manufacturing sector is smaller as a share of GDP than that of...

Persistent link: https://www.econbiz.de/10010286537

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