The neo-classical ascendancy: the Australian economic policy community and Northeast Asian economic growth
In: Working paper 1995,4
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In: Working paper 1995,4
In: Publius: the journal of federalism, Band 20, Heft 4, S. 105-105
ISSN: 0048-5950
In: Publius: the journal of federalism, Band 20, Heft 4, S. 105-128
ISSN: 0048-5950
Examined is the extent to which countries with a federal system of government are less cohesive & more prone to disunity than interest groups in unitary states. An attempt is made to explain the contrasting patterns of cohesion in two peak Australian business groups, both of which resemble a confederation in structure. It is noted that much of the previous literature on federalism & group cohesion gives insufficient attention to the divisive impact of four factors: party government, size & wealth inequalities among a group's constituent units, a group's decision & payoff rules, & the determinants of group succession. It is maintained that conflicts over the fairness of a federated organization's rules -- especially when large, wealthy units are outvoted by small, poor units -- can be sufficient to provoke the aggrieved units to secede. 2 Tables. Adapted from the source document.
In: Australian journal of public administration, Band 47, Heft 2, S. 147-163
ISSN: 1467-8500
In: Labour history: a journal of labour and social history, Heft 17, S. 136
ISSN: 1839-3039
In: Politics: Australasian Political Studies Association journal, Band 2, Heft 2, S. 272-274
In: Business Archives and History, Band 5, Heft 2, S. 159-160
In: Business Archives and History, Band 3, Heft 1, S. 90-91
The Australian economic policy community has vigorously championed an interpretation of Northeast Asia's economic success that sees that success through the prism of conventional neo-classical economics. The leading voices in that policy community have argued that selective governmental assistance to targeted industries has been neither a necessary nor a sufficient condition for the economic success of the Northeast Asian market economies (Japan, South Korea and Taiwan); that in cases where targeting could be considered to have been successful, the targeting was 'market conforming'; and that where governments have attempted to promote and assist particular industries the results have been as harmful as they have been beneficial. This paper critically examines these claims. It questions the evidence used by the policy community, particularly its excessive reliance on a small number of studies based on econometric modelling and its marked reluctance to acknowledge and confront empirical evidence that challenges a neo-classical interpretation. It also highlights the inadequate treatment of externalities and technology in the neo-classical approach. The paper presents evidence, much of it from industrial case studies, to show that none of the Northeast Asian governments has been content to trust the course of economic development exclusively to the market. Intervention to facilitate the acquisition, adaptation and diffusion of technology has been pervasive. All three countries have consciously targeted industries that were perceived to be strategic for the economy's future growth - industries that were skill- and capital-intensive, industries that were expected to generate technological spillovers and other externalities, and industries whose products were identified as having high elasticities of demand. This evidence fits better the interventionist rationales of strategic trade theory and new growth theories than it does the so-called market-conforming rationale of neo-classical economic theory. Northeast Asian governments have used trade and industrial policies to achieve two ends: (i) to assist domestic firms to become internationally competitively enabling them to realise scale and learning economies; and (ii) to generate externalities that benefit a wide range of leading-edge industries
BASE
In: The Pacific review, Band 4, Heft 1, S. 45-55
ISSN: 1470-1332
In: The Pacific review, Band 4, Heft 1, S. 45-55
ISSN: 0951-2748
In the postwar period the orientation of Australia's trade has decisively shifted from Western Europe to Northeast Asia. The authors discuss the implications for Australia of economic growth and structural change in Northeast Asia with special reference to the report (commissioned by the Australian Prime Minister, Bob Hawke) written by Ross Garnaut (former senior economic adviser to the Australian Prime Minister) "Australia and the Northeast Asian ascendency". Reactions to this report in Australia are examined. (DÜI-Sen)
World Affairs Online
In: Australian outlook: journal of the Australian Institute of International Affairs, Band 42, Heft 1, S. 9-20
In: Australian outlook: journal of the Australian Institute of International Affairs, Band 42, Heft 1, S. 9-20
ISSN: 0004-9913
Konzept, Anwendung und Ergebnisse; bilaterale Beziehungen; Haltung gegenüber regionalen und internationalen Organisationen; strategische Fragen; Nord-Süd- und humanitäre Fragen; Wirtschaftsfragen
World Affairs Online