Learning to Industrialize

From Given Growth to Policy-aided Value Creation

Business & Finance, Economics
Cover of the book Learning to Industrialize by Kenichi Ohno, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Kenichi Ohno ISBN: 9781136198830
Publisher: Taylor and Francis Publication: April 3, 2014
Imprint: Routledge Language: English
Author: Kenichi Ohno
ISBN: 9781136198830
Publisher: Taylor and Francis
Publication: April 3, 2014
Imprint: Routledge
Language: English

This book proposes a new, pragmatic way of approaching economic development which features policy learning based on a comparison of international best policy practices. While the important role of government in promoting private sector development is being recognized, policy discussion often remains general without details as to what exactly to do and how to avoid common pitfalls. This book fills the gap by showing concrete policy contents, procedures, and organizations adopted in high-performing East Asian economies.

Natural resources and foreign aid and investment can take a country to a certain income level, but growth stalls when given advantages are exhausted. Economies will be caught in middle income traps if growth impetus is not internally generated. Meanwhile, countries that have soared to high income introduced mindset, policies, and institutions that encouraged, or even forced, accumulation of human capital – skills, technology, and knowledge. How this can be done systematically is the main topic of policy learning. However, government should not randomly adopt what Singapore or Taiwan did in the past. A continued march to prosperity is possible only when policy makers acquire capability to formulate policy suitable for local context after studying a number of international experiences.

Developing countries wanting to adopt effective industrial strategies but not knowing where to start will benefit greatly by the ideas and hands-on examples presented by the author. Students of development economics will find a new methodological perspective which can supplement the ongoing industrial policy debate. The book also gives an excellent account of national pride and pragmatism exhibited by officials in East Asia who produced remarkable economic growth, as well as serious effort by an African country to emulate this miracle.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This book proposes a new, pragmatic way of approaching economic development which features policy learning based on a comparison of international best policy practices. While the important role of government in promoting private sector development is being recognized, policy discussion often remains general without details as to what exactly to do and how to avoid common pitfalls. This book fills the gap by showing concrete policy contents, procedures, and organizations adopted in high-performing East Asian economies.

Natural resources and foreign aid and investment can take a country to a certain income level, but growth stalls when given advantages are exhausted. Economies will be caught in middle income traps if growth impetus is not internally generated. Meanwhile, countries that have soared to high income introduced mindset, policies, and institutions that encouraged, or even forced, accumulation of human capital – skills, technology, and knowledge. How this can be done systematically is the main topic of policy learning. However, government should not randomly adopt what Singapore or Taiwan did in the past. A continued march to prosperity is possible only when policy makers acquire capability to formulate policy suitable for local context after studying a number of international experiences.

Developing countries wanting to adopt effective industrial strategies but not knowing where to start will benefit greatly by the ideas and hands-on examples presented by the author. Students of development economics will find a new methodological perspective which can supplement the ongoing industrial policy debate. The book also gives an excellent account of national pride and pragmatism exhibited by officials in East Asia who produced remarkable economic growth, as well as serious effort by an African country to emulate this miracle.

More books from Taylor and Francis

Cover of the book The Travels of Ibn Battuta, A.D. 1325-1354 by Kenichi Ohno
Cover of the book Faculty Diversity by Kenichi Ohno
Cover of the book Japan's Local Newspapers by Kenichi Ohno
Cover of the book Back to 'Things in Themselves' by Kenichi Ohno
Cover of the book The Dublin-Belfast Development Corridor: Ireland’s Mega-City Region? by Kenichi Ohno
Cover of the book Network Governance of Global Religions by Kenichi Ohno
Cover of the book Activist Unionism: Institutional Economics of Solomon Barkin by Kenichi Ohno
Cover of the book Ritual, Text and Law by Kenichi Ohno
Cover of the book War, Violence and Social Justice by Kenichi Ohno
Cover of the book Educational Psychology: Concepts, Research and Challenges by Kenichi Ohno
Cover of the book The Gender Conundrum by Kenichi Ohno
Cover of the book Clerical Fascism in Interwar Europe by Kenichi Ohno
Cover of the book Russia in the National Interest by Kenichi Ohno
Cover of the book The Embodied Psychotherapist by Kenichi Ohno
Cover of the book The New Rich in Asia by Kenichi Ohno
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy