Author: Mauricio Mesquita Moreira Publisher: Springer ISBN: 1349236985 Category : Business & Economics Languages : en Pages : 242
Book Description
This book challenges the established, neoclassical view of industrial success in developing countries. By re-examining the role of government intervention in the industrialization of Brazil and South Korea, it seeks to show that the key to industrial success does not lie in a simple combination of outward-orientation and laissez-faire, but in the government's success in remedying crucial market failures in the product and factor markets.
Author: Helen Hughes Publisher: Cambridge University Press ISBN: 0521351294 Category : Business & Economics Languages : en Pages : 395
Book Description
This book examines the economic success of the industrializing economies of East Asia. Judged in terms of economic growth, or by a combination of economic and welfare criteria, this group of East Asian countries has established a clear lead over other developing areas of the world.
Author: Deepak Nayyar Publisher: ISBN: Category : Business & Economics Languages : en Pages : 352
Book Description
Part of the prestigious Themes in Economics series, this collection of essays focuses on selected themes in trade and industrialization--the role of the state and the market in industrial development, stock markets and the financing of corporate industrial growth, and linkages between trade, technology, and growth.
Author: Howard Pack Publisher: World Bank Publications ISBN: Category : Industrial policy Languages : en Pages : 51
Book Description
What are the underlying rationales for industrial policy? Does empirical evidence support the use of industrial policy for correcting market failures that plague the process of industrialization? To address these questions, the authors provide a critical survey of the analytical literature on industrial policy. They also review some recent industry successes and argue that only a limited role was played by public interventions. Moreover, the recent ascendance of international industrial networks, which dominate the sectors in which less developed countries have in the past had considerable success, implies a further limitation on the potential role of industrial policies as traditionally understood. Overall, there appears to be little empirical support for an activist government policy even though market failures exist that can, in principle, justify the use of industrial policy.
Author: Howard Pack Publisher: ISBN: Category : Languages : en Pages :
Book Description
What are the underlying rationales for industrial policy? Does empirical evidence support the use of industrial policy for correcting market failures that plague the process of industrialization? To address these questions, the authors provide a critical survey of the analytical literature on industrial policy. They also review some recent industry successes and argue that only a limited role was played by public interventions. Moreover, the recent ascendance of international industrial networks, which dominate the sectors in which less developed countries have in the past had considerable success, implies a further limitation on the potential role of industrial policies as traditionally understood. Overall, there appears to be little empirical support for an activist government policy even though market failures exist that can, in principle, justify the use of industrial policy.
Author: Fouad Sabry Publisher: One Billion Knowledgeable ISBN: Category : Business & Economics Languages : en Pages : 375
Book Description
What is Market Failure The term "market failure" comes from the field of neoclassical economics and refers to a scenario in which the distribution of commodities and services by a free market is not Pareto optimal. This circumstance frequently results in a loss of significant economic value. Failures in the market can be understood as situations in which people' pursuit of their own self-interest leads to outcomes that are not efficient, outcomes that, from the perspective of society, have room for improvement. The concept can be traced back to the Victorian philosopher Henry Sidgwick, who is credited with being the first person to use the term in the field of economics around the year 1958.A number of factors, including public goods, time-inconsistent preferences, information asymmetries, non-competitive markets, principal-agent difficulties, and externalities, are frequently linked to market failures. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Market failure Chapter 2: Economics Chapter 3: Microeconomics Chapter 4: Ronald Coase Chapter 5: Pareto efficiency Chapter 6: Environmental economics Chapter 7: Free-rider problem Chapter 8: Externality Chapter 9: Participatory economics Chapter 10: Index of economics articles Chapter 11: X-inefficiency Chapter 12: Coase theorem Chapter 13: Pigouvian tax Chapter 14: Social cost Chapter 15: Welfare economics Chapter 16: Allocative efficiency Chapter 17: Robin Hahnel Chapter 18: Government failure Chapter 19: Market (economics) Chapter 20: Property rights (economics) Chapter 21: Public economics (II) Answering the public top questions about market failure. (III) Real world examples for the usage of market failure in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Market Failure.
Author: Lars Magnusson Publisher: Routledge ISBN: 1135256632 Category : Business & Economics Languages : en Pages : 363
Book Description
The industrial revolution and the creation of the modern (national) state are two of the most important historical processes to have occurred in Europe during the 19th century. The state and other bodies of governance play an important role in the development of capitalist market societies since the 18th century. But modern market economies are to a large degree a product of the interplay between market and governance. Yet we are often told a strikingly different tale about the modern economy, at least how it ought to work and operate - as far as possible without public interference. Even more frequently we have been taught that the modern capitalist market economy is a product of an industrial revolution, originating with the UK in the middle of the 18th century propelled by laissez faire and the triumph of free markets which gradually liberated themselves from the grip of an old dirigiste state. This book argues that in order to get a better understanding of this period and the rise of modern industrial capitalism it is necessary to link the industrial revolution in its various forms to a political and institutional context of state-making and the creation of modern national states. Professor Magnusson demonstrates that a historical narrative which does not acknowledge the role of the state and public governance for the establishment of the modern capitalist market economy is fundamentally flawed.
Author: Justin Lin Yifu Publisher: Springer ISBN: 1137335173 Category : Business & Economics Languages : en Pages : 400
Book Description
This volume is the result of the 2012 International Economic Association's series of roundtables on the theme of Industrial Policy. The first, 'New Thinking on Industrial Policy,' was hosted by the World Bank in Washington, D.C, and the second, 'New Thinking on Industrial Policy: Implications for Africa,' was held in Pretoria, South Africa.
Author: Yi Wen Publisher: World Scientific ISBN: 9814733741 Category : Business & Economics Languages : en Pages : 336
Book Description
The rise of China is no doubt one of the most important events in world economic history since the Industrial Revolution. Mainstream economics, especially the institutional theory of economic development based on a dichotomy of extractive vs. inclusive political institutions, is highly inadequate in explaining China's rise. This book argues that only a radical reinterpretation of the history of the Industrial Revolution and the rise of the West (as incorrectly portrayed by the institutional theory) can fully explain China's growth miracle and why the determined rise of China is unstoppable despite its current 'backward' financial system and political institutions. Conversely, China's spectacular and rapid transformation from an impoverished agrarian society to a formidable industrial superpower sheds considerable light on the fundamental shortcomings of the institutional theory and mainstream 'blackboard' economic models, and provides more-accurate reevaluations of historical episodes such as Africa's enduring poverty trap despite radical political and economic reforms, Latin America's lost decades and frequent debt crises, 19th century Europe's great escape from the Malthusian trap, and the Industrial Revolution itself.
Author: Gary Clyde Hufbauer Publisher: Peterson Institute for International Economics ISBN: 0881327468 Category : Business & Economics Languages : en Pages : 127
Book Description
Industrial policy is making a comeback in the United States. It is more urgent than ever to understand how and whether industrial policy has worked to strengthen the US economy. This study analyzes and scores 18 US industrial policy episodes implemented between 1970 and 2020, in an effort to assess what went right and what went wrong—and how the current initiatives might fare. The Peterson Institute for International Economics gratefully acknowledges the support of the Koch Foundation for this project.
Author: Mauricio Mesquita Moreira
Author: Helen Hughes
Author: Deepak Nayyar
Author: Howard Pack
Author: Howard Pack
Author: Fouad Sabry
Author: Lars Magnusson
Author: Justin Lin Yifu
Author: Yi Wen
Author: Gary Clyde Hufbauer