scispace - formally typeset
Journal ArticleDOI

The Logic of the Developmental State@@@Asia's Next Giant: South Korea and Late Industrialization@@@The Political Economy of the New Asian Industrialism@@@MITI and the Japanese Miracle@@@Governing the Market: Economic Theory and the Role of Government in East Asian Industrialization

TLDR
Wade as mentioned in this paper reviewed the debate about industrial policy in East and Southeast Asia and chronicles the changing fortunes of these economies over the 1990s, and extended 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.
Abstract
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.

read more

Citations
More filters
Journal ArticleDOI

International Norm Dynamics and Political Change

TL;DR: The authors argue that norms evolve in a three-stage "life cycle" of emergence, cascades, and internalization, and that each stage is governed by different motives, mechanisms, and behavioral logics.
Journal ArticleDOI

Economic Reform and the Process of Global Integration

TL;DR: The World Trade Organization (WTO) was established by agreement of more than 120 economies, with almost all the rest eager to join as rapidly as possible as mentioned in this paper, and the agreement included a codification of basic principles governing trade in goods and services.
Journal ArticleDOI

The Institutional Dynamics of International Political Orders

TL;DR: The authors argue that the tendency of students of international political order to emphasize efficient histories and consequential bases for action leads them to underestimate the significance of rule-and identity-based action and inefficient histories.
Posted Content

Where Has All the Education Gone

TL;DR: Pritchett et al. as discussed by the authors found that education did not lead to faster economic growth and pointed out that increasing educational capital resulting from improvements in the educational attainment of the labor force has no positive impact on the growth rate of output per worker.