Sustaining Export-Oriented Development: Ideas from East AsiaRoss Garnaut, Enzo Grilli, James Riedel Cambridge University Press, 1995 M09 29 - 383 pages Sustaining Export-Oriented Development looks at the East Asian economies' postwar development and assesses the prospects and constraints to continuing at its current pace. The possibilities of transferring East Asian development elsewhere are also considered. While there is no single East Asian model, common elements are identified: an abundance of low-wage labour and free labour markets, an emphasis on health and education, trade liberalisation and export-oriented policies, financial market liberalisation (providing an environment conducive to private saving and investment), efficient capital utilisation and a focus on sound infrastructure. Written by leading economists, the book traces the changes in the thinking of policymakers and advisers about the policies required for economic development. In particular, it examines the shift in emphasis from import-substitution to outward orientation that has coincided with the East Asian economies' success. |
Contents
The Role of Trade in Growth | 1 |
How General | 31 |
Interrelationships Between Economic Ideas | 62 |
Governments Role in East Asias Economic | 76 |
Trade Policy and the Globalisation | 106 |
ང Contents | 130 |
Exchange Rate Regimes and Outwardlooking | 151 |
Has Development Assistance Aided | 192 |
Demographics and MarketsAre there Limits | 222 |
Sustaining Chinas Remarkable Exports | 244 |
Commodity Terms of Trade and Instability | 271 |
Constraints | 293 |
Environmental Constraints on Development | 319 |
339 | |
366 | |
Other editions - View all
Sustaining Export-Oriented Development: Ideas from East Asia Ross Garnaut,Enzo Grilli,James Riedel No preview available - 1999 |
Common terms and phrases
Africa Agreement agricultural AIDAB allocation APEC ASEAN Asia Pacific Asian newly industrialised Australian aid Australian National University average capital controls cent changes China commodity prices comparative advantage competition consumption costs decade developing economies East Asian economies econ economic growth environment environmental export growth export-oriented growth external farm financial sector firms fiscal foreign direct investment foreign exchange foreign investment funds GATT global Hong Kong import substitution incentives increase Indep Indonesia inflation infrastructure interest rates international trade Japan labour Latin America macroeconomic Malaysia Managed float manufacturing ment monetary negotiations newly industrialised economies nomic OECD omies output Papua New Guinea Pegged comp permanent income hypothesis political pollution population private sector productivity growth protection rapid growth reforms regime region relative restrictions role savings rates share Singapore Source South Korea structure subsidies Table Taiwan tariffs terms of trade Thailand tion trade liberalisation trade policy Uruguay Round World Bank
References to this book
Regional Cooperation in a Global Context Raphael Bar-El,Ehud Menipaz,Gilbert Benhayoun No preview available - 2000 |