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Author: Mauricio Mesquita Moreira
Publisher: Springer
ISBN: 1349236985
Category : Business & Economics
Languages : en
Pages : 242
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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: Mauricio Mesquita Moreira
Publisher: Springer
ISBN: 1349236985
Category : Business & Economics
Languages : en
Pages : 242
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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:
Publisher:
ISBN:
Category :
Languages : en
Pages : 2
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Book Description
Author: Howard Pack
Publisher: World Bank Publications
ISBN:
Category : Industrial policy
Languages : en
Pages : 51
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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: Deepak Nayyar
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 352
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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:
ISBN:
Category :
Languages : en
Pages :
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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: Helen Hughes
Publisher: Cambridge University Press
ISBN: 0521351294
Category : Business & Economics
Languages : en
Pages : 395
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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: Fouad Sabry
Publisher: One Billion Knowledgeable
ISBN:
Category : Business & Economics
Languages : en
Pages : 375
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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: Arkebe Oqubay
Publisher: Oxford University Press, USA
ISBN: 0198862423
Category : Business & Economics
Languages : en
Pages : 981
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Book Description
Industrial policy has long been regarded as a strategy to encourage sector-, industry-, or economy-wide development by the state. It has been central to competitiveness, catching up, and structural change in both advanced and developing countries. It has also been one of the most contested perspectives, reflecting ideologically inflected debates and shifts in prevailing ideas. There has lately been a renewed interest in industrial policy in academic circles and international policy dialogues, prompted by the weak outcomes of policies pursued by many developing countries under the direction of the Washington Consensus (and its descendants), the slow economic recovery of many advanced economies after the 2008 global financial crisis, and mounting anxieties about the national consequences of globalization. The Oxford Handbook of Industrial Policy presents a comprehensive review of and a novel approach to the conceptual and theoretical foundations of industrial policy. The Handbook also presents analytical perspectives on how industrial policy connects to broader issues of development strategy, macro-economic policies, infrastructure development, human capital, and political economy. By combining historical and theoretical perspectives, and integrating conceptual issues with empirical evidence drawn from advanced, emerging, and developing countries, The Handbook offers valuable lessons and policy insights to policymakers, practitioners and researchers on developing productive transformation, technological capabilities, and international competitiveness. It addresses pressing issues including climate change, the gendered dimensions of industrial policy, global governance, and technical change. Written by leading international thinkers on the subject, the volume pulls together different perspectives and schools of thought from neo-classical to structuralist development economists to discuss and highlight the adaptation of industrial policy in an ever-changing socio-economic and political landscape.
Author: Tony Killick
Publisher: Routledge
ISBN: 1134816448
Category : Business & Economics
Languages : en
Pages : 428
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Book Description
The accelerating pace of global change demands that economies must be adaptable. Economies which are flexible flourish, as in Eastern Asia. Inflexible economies stagnate, as in Eastern Europe and Africa. However even though adaptability governs the long-term progress of economies, economists have had little to say about the nature and determinants of economic flexibility. This book redresses that situation. A prestigious team of contributors address the key theoretical and empirical issues, using a wide range of country studies.
Author: Marcelo de Paiva Abreu
Publisher: BID-INTAL
ISBN: 9507382275
Category : Economic development
Languages : en
Pages : 58
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Book Description
