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Governing the Market

Economic Theory and the Role of Government in East Asian Industrialization

Robert Wade

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Princeton University Press img Link Publisher

Sozialwissenschaften, Recht, Wirtschaft / Wirtschaft

Beschreibung

Published originally in 1990 to critical acclaim, Robert Wade's Governing the Market quickly established itself as a standard in contemporary political economy. In it, Wade challenged claims both of those who saw the East Asian story as a vindication of free market principles and of those who attributed the success of Taiwan and other countries to government intervention. Instead, Wade turned attention to the way allocation decisions were divided between markets and public administration and the synergy between them. Now, in a new introduction to this paperback edition, Wade reviews the debate about industrial policy in East and Southeast Asia and chronicles the changing fortunes of these economies over the 1990s. He extends the original argument to explain the boom of the first half of the decade and the crash of the second, stressing the links between corporations, banks, governments, international capital markets, and the International Monetary Fund. From this, Wade goes on to outline a new agenda for national and international development policy.

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Schlagwörter

Industrialisation, Competitiveness, Economist, Financial institution, Infant industry, Exchange rate, Petrochemical, Financial Times, Machine tool, Economic liberalization, Sun Yat-sen, Economic interventionism, Liberalization, Industry, Currency, Market failure, Organization, Followership, Economics, Developed country, Task force, Financial crisis, Chemical industry, Public sector, Investment, Real interest rate, Rebate (marketing), Capitalism, Income, Manufacturing, Central government, World Bank, Saving, Incentive, Asset, Semiconductor, Externality, State-owned enterprise, Budget, Capital formation, Bank, Market economy, Requirement, Technology transfer, Trade fair, Research and development, Export, Export credit agency, Industrial policy, Technology, Private sector, World Trade Organization, Commodity, Economic growth, Tariff, Subsidy, Labor demand, 1997 Asian financial crisis, Interest rate, Economic policy, Supply (economics), Wealth, Foreign direct investment, World economy, Central bank, Developmental state, Free trade, Economic development, Economy, Employment