The Paradox of Catching Up - Rethinking State-Led Economic Development (Hardcover, 2005 ed.)

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.

General

Imprint:	Palgrave Macmillan
Country of origin:	United States
Release date:	August 2005
First published:	2005
Authors:	L Tan
Dimensions:	216 x 140 x 17mm (L x W x T)
Format:	Hardcover
Pages:	188
Edition:	2005 ed.
ISBN-13:	978-1-4039-4954-7
Categories:	Books > Business & Economics > Economics > Development economics Books > Business & Economics > Economics > Economic systems > General
LSN:	1-4039-4954-9
Barcode:	9781403949547

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