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Author: Sombūn Siriprachai Publisher: ISBN: 9789971696511 Category : Business & Economics Languages : en Pages : 0
Book Description
This volume of collected essays by Somboon Siriprachai offers a critical assessment of Thai industrialization with a focus on industrial policy, rent seeking and income inequality. An economist by training, Somboon saw the Thai state as authoritarian rather than developmental, and criticized the adoption policies that were oriented toward increasing government revenue instead of nurturing industrial development. While these policies achieved growth, they did not strengthen Thailand's technological capability and industrial skills, or promote research and development. Somboon disputed the World Bank’s classification of Thailand as a Newly Industrializing Economy (NIE), backing his argument with empirical evidence and comparisons with Japan, South Korea and Taiwan. The success of these East Asian countries, he suggested, rested on the competence of the state to direct the accumulation process rather than reliance on any particular strategy for industrialization. Arguing that growth of industrial productivity is the key to a country’s living standard and its ability to compete in the world market, he argued that government intervention was essential to successful late-comer industrialization. Combining institutional economics with a historical perspective, Somboon’s work provides a unique analysis of the transition of the Thai economy from around the mid nineteenth century until 2000. His essays are a unique and valuable contribution not only to Thai studies but also to the study of economic development of late-comer countries and the role of the state in that process.
Author: Sombūn Siriprachai Publisher: ISBN: 9789971696511 Category : Business & Economics Languages : en Pages : 0
Book Description
This volume of collected essays by Somboon Siriprachai offers a critical assessment of Thai industrialization with a focus on industrial policy, rent seeking and income inequality. An economist by training, Somboon saw the Thai state as authoritarian rather than developmental, and criticized the adoption policies that were oriented toward increasing government revenue instead of nurturing industrial development. While these policies achieved growth, they did not strengthen Thailand's technological capability and industrial skills, or promote research and development. Somboon disputed the World Bank’s classification of Thailand as a Newly Industrializing Economy (NIE), backing his argument with empirical evidence and comparisons with Japan, South Korea and Taiwan. The success of these East Asian countries, he suggested, rested on the competence of the state to direct the accumulation process rather than reliance on any particular strategy for industrialization. Arguing that growth of industrial productivity is the key to a country’s living standard and its ability to compete in the world market, he argued that government intervention was essential to successful late-comer industrialization. Combining institutional economics with a historical perspective, Somboon’s work provides a unique analysis of the transition of the Thai economy from around the mid nineteenth century until 2000. His essays are a unique and valuable contribution not only to Thai studies but also to the study of economic development of late-comer countries and the role of the state in that process.
Author: Atul Kohli Publisher: Cambridge University Press ISBN: 1139456113 Category : Political Science Languages : en Pages : 801
Book Description
Why have some developing country states been more successful at facilitating industrialization than others? An answer to this question is developed by focusing both on patterns of state construction and intervention aimed at promoting industrialization. Four countries are analyzed in detail - South Korea, Brazil, India, and Nigeria - over the twentieth century. The states in these countries varied from cohesive-capitalist (mainly in Korea), through fragmented-multiclass (mainly in India), to neo-patrimonial (mainly in Nigeria). It is argued that cohesive-capitalist states have been most effective at promoting industrialization and neo-patrimonial states the least. The performance of fragmented-multiclass states falls somewhere in the middle. After explaining in detail as to why this should be so, the study traces the origins of these different state types historically, emphasizing the role of different types of colonialisms in the process of state construction in the developing world.
Author: Tilman Altenburg Publisher: Edward Elgar Publishing ISBN: 1781000263 Category : BUSINESS & ECONOMICS Languages : en Pages : 232
Book Description
Against the backdrop of persistently high levels of poverty and inequality, critical environmental boundaries and increasing global economic interdependence, this book addresses the role and impact of industrial policies in developing countries. Accepting the reality of both market failure and policy failure, it identifies the conditions under which industrial policy can deliver socially desirable results. General conclusions on the political economy of development are complemented by country case studies covering Ethiopia, Mozambique, Namibia, Tunisia and Vietnam.
Author: Richard Franklin Bensel Publisher: Cambridge University Press ISBN: 9780521772334 Category : History Languages : en Pages : 574
Book Description
In the last decades of the nineteenth century, the United States underwent an extremely rapid industrial expansion that moved the nation into the front ranks of the world economy. At the same time, the nation maintained democratic institutions as the primary means of allocating political offices and power. As the combination of robust democratic institutions and rapid industrialization is rarely found in world history, this book explains how economic development and democracy coexisted in the United States during industrialization.
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. Contents: IntroductionKey Steps Taken by China to Set Off an Industrial RevolutionShedding Light on the Nature and Cause of the Industrial RevolutionWhy is China's Rise Unstoppable?Wha's Wrong with the Washington Consensus and the Institutional Theories?Case Study of Yong Lian: A Poor Village's Path to Becoming a Modern Steel TownConclusion: A New Stage Theory of Economic Development Readership: Academics, undergraduate and graduates students, journalists and professionals interested in economic development, the history of the Industrial Revolution, and especially China's economic transformation and industrial growth, as well as the political economy of governance.
Author: Evgeny Finkel Publisher: Cambridge University Press ISBN: 1108847498 Category : Political Science Languages : en Pages : 89
Book Description
Throughout history, reform has provoked rebellion - not just by the losers from reform, but also among its intended beneficiaries. Finkel and Gehlbach emphasize that, especially in weak states, reform often must be implemented by local actors with a stake in the status quo. In this setting, the promise of reform represents an implicit contract against which subsequent implementation is measured: when implementation falls short of this promise, citizens are aggrieved and more likely to rebel. Finkel and Gehlbach explore this argument in the context of Russia's emancipation of the serfs in 1861 - a fundamental reform of Russian state and society that paradoxically encouraged unrest among the peasants who were its prime beneficiaries. They further examine the empirical reach of their theory through narrative analyses of the Tanzimat reforms of the nineteenth-century Ottoman Empire, land reform in ancient Rome, the abolition of feudalism during the French Revolution, and land reform in contemporary Latin America.
Author: Seymour Martin Lipset Publisher: W. W. Norton & Company ISBN: 9780393322545 Category : Business & Economics Languages : en Pages : 388
Book Description
Why socialism has failed to play a significant role in the United States - the most developed capitalist industrial society and hence, ostensibly, fertile ground for socialism - has been a critical question of American history and political development. This study surveys the various explanations for this phenomenon of American political exceptionalism.
Author: Sombūn Siriprachai
Author: Sombūn Siriprachai
Author: Atul Kohli
Author: Tilman Altenburg
Author: Somboon Siriprachai
Author: Robert C. Allen
Author: Richard Franklin Bensel
Author: Yi Wen
Author: Evgeny Finkel
Author: Friedrich List
Author: Seymour Martin Lipset