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State Planning and the East Asian Miracle by Gairuzazmi M Ghani is a document available to read on EtoBox.
What is State Planning and the East Asian Miracle about?
This document summarizes and critiques arguments that state-led industrial development planning was responsible for rapid economic growth in East Asia. It notes that for planning to enhance growth, the state must identify which industries will most improve consumer welfare, but questions whether planning agencies can acquire sufficient knowledge to do this better than market forces. It also questions how political incentives could ensure planners only promote industries that maximize growth. The document ar
- Author
- Gairuzazmi M Ghani
- Language
- EN