The role of government in East Asian economic development :
General Material Designation
[Book]
Other Title Information
comparative institutional analysis /
First Statement of Responsibility
edited by Masahiko Aoki, Hyung-Ki Kim, and Masahiro Okuno-Fujiwara.
.PUBLICATION, DISTRIBUTION, ETC
Place of Publication, Distribution, etc.
New York :
Name of Publisher, Distributor, etc.
Oxford University Press,
Date of Publication, Distribution, etc.
1997.
PHYSICAL DESCRIPTION
Specific Material Designation and Extent of Item
xxii, 419 pages :
Other Physical Details
illustrations ;
Dimensions
24 cm
GENERAL NOTES
Text of Note
Second imprint from label on title page verso.
INTERNAL BIBLIOGRAPHIES/INDEXES NOTE
Text of Note
Includes bibliographical references and index.
SUMMARY OR ABSTRACT
Text of Note
At the same time, it recognizes that the capabilities of the private sector are more limited in developing economies.
Text of Note
In presenting the market-enhancing view, the book recognizes the wide diversity of the roles of government across various East Asian economies including Japan, Korea, Hong Kong, Malaysia, and China, and its path-dependent and developmental stage nature.
Text of Note
Instead of viewing government and the market as mutually exclusive substitutes, it examines the capacity of government policy to facilitate or complement private sector co-ordination.
Text of Note
The book starts from the premise that private sector institutions have important comparative advantages over government, in particular in their ability to process information available on site.
Text of Note
The market-enhancing view thus stresses the mechanisms whereby government policy is directed at improving the ability of the private sector to solve coordination problems and overcome other market imperfections.
Text of Note
The role of government in East Asian economic development has been a contentious issue.
Text of Note
They are distinct only in their judgement of the extent to which market failures have been, and ought to be, remedied by direct government intervention.
Text of Note
This collection of essays suggests a breakthrough, third view: the market-enhancing view.
Text of Note
Two competing views have shaped enquiries into the source of the rapid growth of the high-performing Asian economies and attempts to derive a general lesson for other developing economies: the market-friendly view, according to which government intervenes little in the market, and the developmental state view, in which it governs the market.
Text of Note
What these views share in common is a conception of market and government as alternative mechanisms for resource allocation.
TOPICAL NAME USED AS SUBJECT
83.32 economic policy.
Dirigismus
Economic policy.
Economische ontwikkeling.
Fallstudie
Instituties.
Markteconomie.
Overheidsbeleid.
Vergelijkende economie.
Wirtschaftsentwicklung
Wirtschaftspolitik
GEOGRAPHICAL NAME USED AS SUBJECT
East Asia, Economic policy, Case studies.
Extrême-Orient, Politique économique, Cas, Études de.
Asie orientale, Politique économique, Cas, Études de.