The role of government in the industrialisation of Taiwan and Korea in the 1980s
Since the early 1980s the established neoclassical economic interpretation of the role of government in East Asian industrialisation has been challenged on two fronts. The first - the new trade theory - purports to show how a country that promotes industries characterised by external economies of a particular kind can help shift its pattern of comparative advantage in a manner that can accelerate economic growth. External economies, it is asserted, are most conspicuous in...[Show more]
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