Read e-book online Learning from the Asian Tigers: Studies in Technology and PDF

By Sanjaya Lall

This is a set of papers on business coverage - the function of governments in selling commercial improvement - and the actual value of expertise improvement. essays care for the final debate on business coverage and the character of know-how improvement; are serious value determinations of the realm Bank's method of the controversy on governments and markets; 4 are case reports of coverage making on facets of industrialisation, 3 in Asia and one in Africa.

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Extra info for Learning from the Asian Tigers: Studies in Technology and Industrial Policy

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The East Asian Challenge to Neoclassical Orthodoxy', World Development, vol. 22, no. 4 (April 1994), pp. 635-44. , 'Governments, Globalization and International Business: The developing East Asian economies', in J. H. ), Governments, Globalization and International Business (forthcoming). ', World Development, vol. 22, no. a), pp. 645-54. Lall. b), pp. 65-89. , 'Understanding Technology Development', Development and Change, vol. 24, no. 4 (October 1993), pp. 719-53. , 'Technological Capabilities and Industrialization', World Development, vol.

In this case policy interventions are needed to support factor markets. But this support has to be non-selective. The allocation of resources should not be influenced to encourage particular activities that governments consider desirable (because they raise the TC of the industrial sector, have greater linkages or face more dynamic export prospects). Even where such strategic considerations are granted because of evident market failures, the theoretical approach tends to assign learning costs, externalities and support needs a relatively low value.

11 They also provide the rationale for important elements of policy making and policy advice in this area. It is useful, therefore, to quickly run through them to see some of the contrasts with the TC approach. e. on a well specified production function that is known to all countries). Given the right market-determined prices for inputs and outputs, they pick the one that is appropriate to their national factor endowments. All firms in an industry facing the same prices choose the same technologies; otherwise they are allocatively inefficient.

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