The paradox of catching up
Subtitle: rethinking state-led economic development
By: Li Tan.
Publisher: Palgrave Macmillan
Published: 2005
Place of publication: Houndmills, Basingstoke, Hampshire; New York
Language: eng
Number of pages: 188
Subjects: Economic policy.; Central planning.; Economic development.; State, The.; Central planning -- Soviet Union.; Central planning -- East Asia.; Central planning -- China.; Free enterprise -- Soviet Union.; Free enterprise -- East Asia.; Free enterprise -- China.; Soviet Union -- Economic policy.; East Asia -- Economic policy -- 20th century.; China -- Economic policy -- 1976-2000.
Description: The phenomenon of state-led development has been persistent throughout modern history and remains significant today. Latecomers in the world's development, from Russia in the 19th century to contemporary China, persistently resorted to the state as a developmental instrument in economic catch-up. Why did relatively "backward" economies tend to take the state-led approach rather than following the free market model? Why did those latecomers that used the state as the main coordinator and had the bureaucratic capacity to do so modernize faster than other "backward" economies? Finally, do the successful state-led developers have the potentials to take the lead in world's developments? Or under what conditions could they do so? These are the questions the book intends to answer. This book looks into the state-led development in the post-war period, offering a new perspective for interpreting the choice of the state-led approach by latecomers and the consequences of such choices.
Notes: Includes bibliographical references and index.