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Governing the Market Economic Theory and the Role of Government in East Asian Industrialization

ISBN-10: 0691117292
ISBN-13: 9780691117294
Edition: 2nd 1991 (Revised)
Authors: Robert Wade
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Description: Published originally in 1990 to critical acclaim, Robert Wade'sGoverning the Marketquickly established itself as a standard in contemporary political economy. In it, Wade challenged claims both of those who saw the East Asian story as a vindication  More...

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Book details

List price: $46.00
Edition: 2nd
Copyright year: 1991
Publisher: Princeton University Press
Publication date: 11/30/2003
Binding: Paperback
Pages: 496
Size: 6.00" wide x 9.00" long x 1.00" tall
Weight: 0.792
Language: English

Published originally in 1990 to critical acclaim, Robert Wade'sGoverning the Marketquickly established itself as a standard in contemporary political economy. In it, Wade challenged claims both of those who saw the East Asian story as a vindication of free market principles and of those who attributed the success of Taiwan and other countries to government intervention. Instead, Wade turned attention to the way allocation decisions were divided between markets and public administration and the synergy between them. Now, in a new introduction to this paperback edition, Wade reviews the debate about industrial policy in East and Southeast Asia and chronicles the changing fortunes of these economies over the 1990s. He extends the original argument to explain the boom of the first half of the decade and the crash of the second, stressing the links between corporations, banks, governments, international capital markets, and the International Monetary Fund. From this, Wade goes on to outline a new agenda for national and international development policy.

List of Figures
List of Tables
Introduction to the 2003 Paperback Edition
Acknowledgments
Introduction
States, Markets, and Industrial Policy
The Rise of East Asia
The Neoclassical Explanation
State-led Industrialization, 1930s to 1980s
Management of Foreign Trade and Investment
Management of Domestic Investment
The Economic Bureaucracy
The Political System
Politics of Investment and Industrial Policy
Conclusions (1): Governing the Market in East Asia
Conclusions (2): Lessons from East Asia
Fiscal Incentives
Politics of the 1958-62 Economic Reforms
References
Index

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