Abstract
Until recently, government intervention in the process of economic development was not seen in a positive light in debates on the successful industrialization experience of East Asia. Rather, under the growing dominance of neoclassical development economics the role of markets was emphasized. However, the naïve neoclassical explanation is now being questioned as a result of more careful analyses of the East Asian experience, together with the lack of success with structural adjustment programmes in developing countries in other regions and with marketization schemes in the former centrally planned economies. Many commentators have reconsidered the part played by government in economic development and spoken positively of the rationality of government intervention in markets.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Aoki, M., H. Kim and M. Okuno-Fujiwara (1995) The Role of Govemment in East Asian Economic Development (Oxford: Oxford University Press).
Bai, M. K. and C. Kim (1985) ‘Industrial Development and Structural Changes in Labor Market: Korea and Southeast Asia’, Joint Research Program Series 46 (Tokyo: Institute of Developing Economies).
Chenery, H. B. and L. Taylor (1968) ‘Development Patterns among Countries and Over Time’, Review of Economics and Statistics, vol. 50, no. 4, pp. 391–416.
de Melo, J. and A. Panagariya (1993) New Dimensions in Regional Integration (Cambridge: Cambridge University Press).
Findlay, R. (1995) Factor Proportions, Trade, and Growth (Cambridge, Mass.: MIT Press).
Frank, C. R., K. S. Kim and L. E. Westphal, (1975) South Korea: Foreign Trade Regimes and Economic Development (New York: Columbia University Press).
Grossman, G. and E. Helpman (1990) ‘Comparative Advantage and Long Run Growth’, American Economic Review, vol. 80, pp. 796–815.
Imaoka. H., K. Ohno and H. Yokoyama (eds) (1985) Chushinkoku no kougyou hatten (Industrial Development in Middle-Income Countries [in Japanese]), Kenkyu Sousho no. 337 (Tokyo: Institute of Developing Economies).
Inada. K., S. Sekiguchi and Y. Shoda (1972) Keizai hatten no mekanizumu (Mechanisms of Economic Development [in Japanese]) (Tokyo: Sobunsha).
Ishikawa, S. (1990) Kaihatsu keizaigaku no kihon mondai (Basic Problems in Development Economics [in Japanese]) (Tokyo: Iwanami Shoten).
Krugman, P. (1995) Development, Geography, and Economic Theory (Cambridge, Mass.: MIT Press).
Krugman, P. and A. J. Venables (1990) ‘Integration and the Competitiveness of Peripheral Industry’, in C. Bliss and J. B. Macedo (eds), Unity with Diversity in the European Economy (Cambridge: Cambridge University Press).
Kubo, Y. (1987) ‘Seigenteki rodo kyoukyu to fukusengata kogyo hatten’ (Dual industrial growth with a limited supply of labour [in Japanese]), Ajia keizai, vol. 28, no. 10, pp. 19–29.
Leamer, E. (1984) Sources of International Comparative Advantage: Theory and Evidence (Cambridge, Mass.: MIT Press).
Lewis, W. A. (1954) ‘Economic Development with Unlimited Supply of Labor’, Manchester School of Economics and Social Studies, vol. 22, no. 3, pp. 139–191.
Leontief, W. W. (1954) ‘Domestic Production and Foreign Trade: The American Capital Position Re-examined’, Economia Internazionale, vol. 7, pp. 3–32.
Maruksen, J. R., J. R. Melvin, W. H. Kaempfer, and K. E. Maskus (1995) International Trade: Theory and Evidence (New York: McGraw-Hill).
Michaely, M. (1986) ‘The Timing and Sequencing of a Trade Liberalization Policy’, in A. M. Ohoksi and D. Papageorgiou (eds), Economic Liberalization in Developing Countries (Oxford: Basil Blackwell).
Mundell, A. (1957) ‘Transport Costs in International Trade Theory’, Canadian Joumal of Economics, vol. 23, pp. 331–48.
Neary, J. P. and S. V. Wijnbergen (eds) (1986) Natural Resources and the Macroeconomy (Oxford: Basil Blackwell).
Ohno, K. (1988) ‘Changes in Trade Structure and Factor Intensity: A Case Study of The Republic of Korea’, The Developing Economies, vol. 26, no. 4, pp. 367–85.
Ohno, K. (1989) ‘A Note on the Dual-Industrial Growth and Learning Effects’, The DevelopingEconomies, vol. 27, no. 4, pp. 350–58.
Ohno, K. (ed.) (1993) Regional Integration and Its Impacts on Developing Countries (Tokyo: Institute of Developing Economies).
Ohno, K. and H. Imaoka (1987) ‘The Experience of Dual-Industrial Growth: Korea and Taiwan’, The Developing Economies, vol. 25, no. 4, pp. 310–24.
Rivera-Batiz, A. and P. M. Romer (1991) ‘International Trade with Endogenous Technological Change’, European Economic Review, vol. 35, pp. 971–1001.
Romer, P. M. (1990) ‘Endogenous Technological Change’, Journal of Political Economy, vol. 98, pp. 71–101.
Syrquin, M. and S. Urata (1986) ‘Sources of Change in Factor Intensity of Trade’, Journal of Development Economics, vol. 24, no. 2, pp. 225–37.
World Bank (1993) The East Asian Miracle: Economic Growth and Public Policy (New York: Oxford University Press).
Editor information
Editors and Affiliations
Copyright information
© 2004 Palgrave Macmillan, a division of Macmillan Publishers Limited
About this chapter
Cite this chapter
Ohno, K. (2004). Development Strategy and the Role of Government Policies: Reconsidering the East Asian Experience. In: Kohsaka, A. (eds) New Development Strategies. Palgrave Macmillan, London. https://doi.org/10.1057/9780230523609_7
Download citation
DOI: https://doi.org/10.1057/9780230523609_7
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-51495-3
Online ISBN: 978-0-230-52360-9
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)