Beyond the Miracle of the Market

Beyond the Miracle of the Market
Author: Robert H. Bates
Publisher: Cambridge University Press
Total Pages: 238
Release: 2005-05-09
Genre: Business & Economics
ISBN: 9780521852692

As capitalism defeated socialism in Eastern Europe, the market displaced the state in the developing world. In Beyond the Miracle of the Market, first published in 2005, Bates focuses on Kenya, a country that continued to grow while others declined in Africa, and mounts a prescient critique of the neo-classical turn in development economics. Attributing Kenya's exceptionalism to its economic institutions, this book pioneers the use of 'new institutionalism' in the field of development. In doing so, however, the author accuses the approach of being apolitical. Institutions introduce power into economic life. To account for their impact, economic analysis must therefore be complemented by political analysis; micro-economics must be imbedded in political science. In making this argument, Bates relates Kenya's subsequent economic decline to the change from the Kenyatta to the Moi regime and the subsequent use of the power of economic institutions to redistribute rather than to create wealth.

How Growth Really Happens

How Growth Really Happens
Author: Michael Best
Publisher: Princeton University Press
Total Pages: 320
Release: 2021-12-07
Genre: Business & Economics
ISBN: 069122725X

Achieving economic growth is one of today's key challenges. In this groundbreaking book, Michael Best argues that to understand how successful growth happens we need an economic framework that focuses on production, governance, and skills. This production-centric framework is the culmination of three simultaneous journeys. The first has been Best's visits to hundreds of factories worldwide, starting early as the son of a labor organiser and continuing through his work as an academic and industrial consultant. The second is a survey of two hundred years of economic thought from Babbage to Krugman, with stops along the way for Marx, Marshall, Young, Penrose, Richardson, Schumpeter, Kuznets, Abramovitz, Keynes, and Jacobs. The third is a tour of historical episodes of successful and failed transformations, focusing sharply on three core elements -- the production system, business organisation, and skill formation -- and their interconnections. Best makes the case that government should create the institutional infrastructures needed to support these elements and their interconnections rather than subsidise individual enterprises.

Korea's Economic Miracle

Korea's Economic Miracle
Author: C. Harvie
Publisher: Springer
Total Pages: 252
Release: 2002-12-17
Genre: Political Science
ISBN: 1403920192

Korea, one of the original 'Tiger Economies', experiences a traumatic and largely unanticipated economic crisis in 1997-98 from which the country is still recovering. Despite having achieved spectacular economic advances from the early 1960s, the crisis laid bare numerous structural, economic and policy weaknesses. Charles Harvie and Hyun-Hoon Lee chronicle and analyze the key factors behind Korea's economic miracle from 1962-1989 and the causes that contributed to the economic downturn and ensuing crisis of 1997-98. Is the Korean economy still fading or is its revival underway? As the country undertakes a series of recovery measures, the authors consider the importance of the ongoing restructuring efforts in the corporate and banking sectors, the development of the 'new economy; and the potential economic advantages to be derived from reunification with the North.

Understanding East Asia's Economic "miracles"

Understanding East Asia's Economic
Author: Zhiqun Zhu
Publisher:
Total Pages: 110
Release: 2009
Genre: Business & Economics
ISBN:

There has been no miracle, says Zhu at least in the sense of divine intervention. He attributes the rapid economic growth in East Asia to decades of hard work by people in the region, though admittedly aided somewhat by favorable international and domestic conditions, sound government policies, and a few far-sighted leaders. He begins by profiling countries in the order they emerged into the world spotlight: Japan, South Korea, China and Taiwan. Then he compares their economies, concludes with a comprehensive explanation for the overall phenomenon and its internal variations.

Selling the Economic Miracle

Selling the Economic Miracle
Author: Mark E. Spicka
Publisher: Berghahn Books
Total Pages: 312
Release: 2007
Genre: History
ISBN: 9781845452230

Through an examination of election campaign propaganda and various public relations campaigns, reflecting new electioneering techniques borrowed from the United States, this work explores how conservative political and economic groups sought to construct and sell a political meaning of the Social Market Economy and the Economic Miracle in West Germany during the 1950s.The political meaning of economics contributed to conservative electoral success, constructed a new belief in the free market economy within West German society, and provided legitimacy and political stability for the new Federal Republic of Germany.

State and Society in the Taiwan Miracle

State and Society in the Taiwan Miracle
Author: Thomas B. Gold
Publisher: M.E. Sharpe
Total Pages: 180
Release: 1986-06
Genre: Business & Economics
ISBN: 9780765636430

Explores the application of constructivist theory to international relations. The text examines the relevance of constructivism for empirical research, focusing on some of the key issues of contemporary international politics: ethnic and national identity; gender; and political economy.

MITI and the Japanese Miracle

MITI and the Japanese Miracle
Author: Chalmers Johnson
Publisher: Stanford University Press
Total Pages: 818
Release: 1982-06
Genre: Political Science
ISBN: 080476560X

The focus of this book is on the Japanese economic bureaucracy, particularly on the famous Ministry of International Trade and Industry (MITI), as the leading state actor in the economy. Although MITI was not the only important agent affecting the economy, nor was the state as a whole always predominant, I do not want to be overly modest about the importance of this subject. The particular speed, form, and consequences of Japanese economic growth are not intelligible without reference to the contributions of MITI. Collaboration between the state and big business has long been acknowledged as the defining characteristic of the Japanese economic system, but for too long the state's role in this collaboration has been either condemned as overweening or dismissed as merely supportive, without anyone's ever analyzing the matter. The history of MITI is central to the economic and political history of modern Japan. Equally important, however, the methods and achievements of the Japanese economic bureaucracy are central to the continuing debate between advocates of the communist-type command economies and advocates of the Western-type mixed market economies. The fully bureaucratized command economies misallocate resources and stifle initiative; in order to function at all, they must lock up their populations behind iron curtains or other more or less impermeable barriers. The mixed market economies struggle to find ways to intrude politically determined priorities into their market systems without catching a bad case of the "English disease" or being frustrated by the American-type legal sprawl. The Japanese, of course, do not have all the answers. But given the fact that virtually all solutions to any of the critical problems of the late twentieth century--energy supply, environmental protection, technological innovation, and so forth--involve an expansion of official bureaucracy, the particular Japanese priorities and procedures are instructive. At the very least they should forewarn a foreign observer that the Japanese achievements were not won without a price being paid.

Taiwan: Beyond the Economic Miracle

Taiwan: Beyond the Economic Miracle
Author: Michael Ying-Mao Kav
Publisher: Routledge
Total Pages: 460
Release: 2016-09-16
Genre: Social Science
ISBN: 1315287838

This volume arises from a major conference on issues of importance to the future of Taiwan and the region. With contributions by scholars from Taiwan and the West, the book is divided into sections on: political reform and development on Taiwan, Taiwan's changing political economy, social and environmental issues on Taiwan, Taiwan external relations and the future of Taiwan-PRC relations. Among the many issues addressed within this framework are the evolution of democracy, local politics, Taiwan and the international division of labour, the labour movement, environmentalism, international commercial links and the role of the United States in Taiwan-PRC relations.

Rethinking Asia's Economic Miracle

Rethinking Asia's Economic Miracle
Author: Richard Stubbs
Publisher: Bloomsbury Publishing
Total Pages: 279
Release: 2017-09-08
Genre: Political Science
ISBN: 1137557265

In the new edition of this important contribution to understanding both the Asian economic miracle and the 1997-8 crisis, Richard Stubbs assesses the main explanations to date and updates the analysis to take account of globalization and the remarkable economic rise of China.

Start-up Nation

Start-up Nation
Author: Dan Senor
Publisher: Twelve
Total Pages: 213
Release: 2011-09-07
Genre: Business & Economics
ISBN: 1455503460

What the world can learn from Israel's meteoric economic success. Start-Up Nation addresses the trillion dollar question: How is it that Israel -- a country of 7.1 million, only 60 years old, surrounded by enemies, in a constant state of war since its founding, with no natural resources-- produces more start-up companies than large, peaceful, and stable nations like Japan, China, India, Korea, Canada and the UK? With the savvy of foreign policy insiders, Senor and Singer examine the lessons of the country's adversity-driven culture, which flattens hierarchy and elevates informality-- all backed up by government policies focused on innovation. In a world where economies as diverse as Ireland, Singapore and Dubai have tried to re-create the "Israel effect", there are entrepreneurial lessons well worth noting. As America reboots its own economy and can-do spirit, there's never been a better time to look at this remarkable and resilient nation for some impressive, surprising clues.