Suchergebnisse

"The purpose of this book is to provide a systematic and policy-focused analysis of Korea's development performance from a historical perspective. The book begins with post-war reconstruction efforts and extends to recent developments in the Korean economy. Through a comprehensive analysis of Korea's development performance over the last six decades, the book examines in detail how development strategies and policies evolved over time, what were their consequences and underlying factors, and what lessons can be drawn from the Korean experience. A wide range of issues are discussed, including the role of government, capital accumulation, growth and structural change, industrial development and concentration, economic liberalization, human resource and technology development, social development and income distribution. The important features of the Korean development model are highlighted to draw lessons from the Korean experience."--

AbstractI provide a summary, reflection and assessment of the current state of economic development in both the policy and academic worlds. In terms of development policy, currently, the primary focus is on policy interventions, namely, foreign aid, aimed at fixing the "deficiencies" of developing countries. Academic research also has a similar focus, except with an emphasis in rigorous evaluation of interventions to estimate causal effects. A standard set of versatile quantitative tools is used, e.g., experimental and quasi‐experimental methods, which can be easily applied in a range of settings to estimate the causal effects of policies, which are typically presumed to be similar across contexts. In this article, I take a step back and ask whether the current practices are the best that we can do. Are foreign aid and policy interventions the best options we have for poverty alleviation? What else can be done? Is our current research strategy, characterized by rigorous but a lack of context‐specific analysis, the best method of analysis? Is there a role for other research methods, for a deeper understanding of the local context and for more collaboration with local scholars?

Recommended readings (Machine generated): 1.Tetsuji Okazaki and Masahiro Okuno-Fujiwara (1999), 'Japan's Present-Day Economic System and Its Historical Origin', in The Japanese Economic System and Its Historical Origins, Oxford, UK and New York, NY, USA: Oxford University Press, 1-37[37] -- 2.Dwight H. Perkins (2015), 'The Historical Foundations of East Asian Development', in East Asian Development: Foundations and Strategies, Cambridge, Mass: Harvard University Press, 14-47[34] -- 3.Louis Putterman (1992),'Dualism and Reform in China', Economic Development and Cultural Change, 40 (3), April, 467-93[27] -- 4.B.H. Farmer (1993), 'The British Period, the Coming of Independence and Partition', in An Introduction to South Asia: Second Edition, Chapter 3, London, UK and New York, NY, USA: Routledge, 26-46, 174-6[24] -- 5.Kaushik Basu (2018), 'A Short History of India's Economy: A Chapter in the Asian Drama', WIDER Working Paper 2018/124, United Nations University, World Institute for Developmental Research, i-ii, 1-26[28] -- 6.Michael Beckley, Yusaku Horiuchi and Jennifer M. Miller (2018), 'America's Role in the Making of Japan's Economic Miracle', Journal of East Asian Studies, 18 (1), March, 1-21[21] -- 7.Mushtaq H. Khan (2018), 'Institutions and Asia's Development: The Role of Norms and Organizational Power', WIDER Working Paper 2018/132, United Nations University, World Institute for Developmental Research, i-ii, 1-20[22] -- 8.Dwight H. Perkins (2004), 'Corporate Governance, Industrial Policy, and Rules of Law', in Shahid Yusuf, M. Anjun Altaf and Kaoru Nabeshima (eds), Global Change and East Asian Policy Initiatives, Washington DC: World Bank, 293-336[44] -- 9.Stephan Haggard (2004), 'Institutions and Growth in East Asia', Studies in Comparative International Development, 38 (4), Winter, 53-81[29] -- 10.Gustav Ranis (1995), 'Another Look at the East Asian Miracle', The World Bank Economic Review, 9 (3), September, 509-34[26] -- 11.Lawrence J. Lau, Yingyi Qian and Gérard Roland (2000), 'Reform Without Losers: An Interpretation of China's Dual-Track Approach to Transition', Journal of Political Economy, 108 (1), February, 120-43[24] -- 12.Chen Ling and Barry Naughton (2016), 'An Institutionalized Policy-Making Mechanism: China's Return to Techno-Industrial Policy', Research Policy, 45 (10), December, 2138-52[15] -- 13.Atul Kohli (1994), 'Where do High Growth Political Economies Come From? The Japanese Lineage of Korea's "Developmental State"', World Development, 22 (9), September, 1269-93[25] -- 14.Ha-Joon Chang (1993), 'The Political Economy of Industrial Policy in Korea', Cambridge Journal of Economics, 17 (2), June, 131-57[27] -- 15.James Riedel (2015), 'Lessons for Last Comers from Vietnam's Transition', Journal of Southeast Asian Economies, 32 (1), 125-39[15] -- 16.Ronald Findlay, Cyn-Young Park, Jean-Pierre A. Verbiest (2016), 'Myanmar: Building Economic Foundations', Asian-Pacific Economic Literature, 30 (1), May, 42-64[23] -- 17.Sukhamoy Chakravarty (1987), 'Foundation of India's Development Strategy: The Nehru-Mahalanobis Approach', in (ed), Development Planning: The Indian Experience, Chapter 2, Delhi, India: Oxford University Press, 7-18[12] -- 18.Arvind Panagariya (2018), 'India: Three and a Half Years of Modinomics', Working Paper 2018-01, Deepak and Neera Raj Center on Indian Economic Policies, New York, NY USA: Columbia University, i-ii, 1-34[36] -- 19.Amartya Sen (2005), 'Democracy and Secularism in India', in Kaushik Basu (ed.), India's Emerging Economy: Performance and Prospects in the 1900s and Beyond, Cambridge, MA: MIT Press, 35-47[13]

Nearly three-fourths of the poor people of the world live in
Asia. Of these, more than a third live in the six countries of Burma,
Ceylon, India, Malaya, Pakistan and Thailand. All these nations, except
Thailand (which was merely in the British sphere of influence), are
former colonies of the British Empire. Thus, from several points of
view, it would be of interest to read a description of the economic
progress these countries have experienced during the last two decades.
Cranley Onslow has attempted to provide us with a volume which does just
that [1]. His book is divided into two parts. Part I contains six essays
by distinguished Asian economists, each discussing the recent economic
history of his country. The remaining quarter of the book consists of a
long essay by the editor in which he tries to compare the six nations
and derive some implications for development policy. This is clearly the
least successful part of the volume.