Governments and Markets in Economic Development Strategies: Lessons From Korea, Taiwan, and Japan
by M. Shahid Alam
Book Description
Alam presents a controversial thesis by emphasizing the interventionist character of the export-oriented approach to the economic success of Korean, Taiwan, and Japan. Concern with the rapid development of comparative advantage in the industries they have promoted has, he believes, distinguished these three economies. This has led to both market and non-market interventions with the trade regime, capital markets, market structures, etc. The book explores how Taiwan and Korea changed from import substitution to the export-oriented approach with significant success. The point is made that export-oriented economies make more demands on the government so that success in different countries cannot be assured.
About the Author
M. SHAHID ALAM is currently teaching at Northeastern University and has taught at Colgate, Queen's, and Karachi Universities.
Keywords: Governments and Markets in Economic Development Strategies: Lessons From Korea, Taiwan, and Japan, Books, M. Shahid Alam, Korea (South), Economic policy, Taiwan, Japan, Industrial promotion, Business / Economics / Finance, Business & Economics, Development - Economic Development, Economics - General
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