"Close" vs. "Strategic" integration with the world economy and the "market friendly approach to development" vs. an "industrial policy"

Singh, Ajit (1995): "Close" vs. "Strategic" integration with the world economy and the "market friendly approach to development" vs. an "industrial policy".

Abstract

Abstract

As Mr. Barber Conable observes in his Foreword, the World Development Report 1991 "synthesises and interprets the lessons of forty years of development experience" (p. iii). In view of the World Bank's leading role in development financing for poor countries around the globe over much of this period, this is clearly an important document. The Report is necessarily being taken very seriously in policy making circles throughout the developing world. It is therefore essential that there should be a full analysis of its intellectual approach and the evidence underlying its conclusions.

• Item Type: MPRA Paper
• Language: English
• Keywords: economic integration, world economy, market-friendly approach, development, industrialisation, policies
• Subjects: F - International Economics > F0 - General; F - International Economics > F6 - Economic Impacts of Globalization; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development; O - Economic Development, Innovation, Technological Change, and Growth > O2 - Development Planning and Policy

References

References

Amsden, A. 1985 The State and Taiwan's Economic Development in P. Evans, D. Rueschemeyer & T. Skocpol (eds.), Bringing the State Back In, Cambridge, Cambridge University Press

Amsden, A. 1989a Asia's Next Giant, New York, Oxford University Press

Amsden, A. 1989b Big Business and Urbanisation in Taiwan: The Origins of Small and Medium Size Enterprise and Regionally Decentralised Industry, mimeo., Massachusetts Institute of Technology, Cambridge, Massachusetts

Aoki, M. 1990 Toward an Economic Model of the Japanese Firm, Journal of Economic Literature, vol. 28, no. 1

Balassa, B. 1984 Adjustment Policies in Developing Countries: A Reassessment, World Development

Bhagwati, J. 1988 Protectionism, Cambridge, Massachusetts, The MIT Press

Boltho, A. 1975 Japan: An Economic Survey, London, Oxford University Press

Brailovsky, V. & Barker, T. 1983 La politica económica entre 1976 y 1982 y el plan national en desarrollo industrial, paper presented at the Seminar on Mexican Economy at El Cologio de Mexico, 8-10 August, 1983

Bruno, M. & Sachs, J. 1985 Economics of Worldwide Stagflation, Cambridge, Massachusetts, Harvard University Press

Caves, R. & Uekusa, M. 1976 Industrial Organisation in Japan, Washington D.C., The Brookings Institution CEPG (Cambridge Economic Policy Group) 1979 Economic Policy Review, no. 5

Chakravarty, S. & Singh, A. 1988 The Desirable Forms of Economic Openness in the South, Helsinki, WIDER

Chang, H-J. 1992 The Political Economy of Industrial Policy - Reflections on the Role of the State Intervention, Unpublished Ph.D. Dissertation, Faculty of Economics and Politics, University of Cambridge

Chang, H-J. & Singh, A. 1992 Public Enterprises in Developing Countries and Economic Efficiency - A Critical Examination of Analytical, Empirical, and Policy Issues, forthcoming as a working paper of UNCTAD (United Nations Conference on Trade and Development)

Cosh, A., Hughes, A. & Singh, A. 1990 Takeovers and Short-termism in the U.K., Industrial Policy Paper no. 3, London, Institute for Public Policy Research

Dertouzos, M., Lester, R. & Solow, R. (eds.) 1989 Made in America, Cambridge, Massachusetts, The MIT Press

Dore, R. 1985 Financial Structures and the Long Term View, Policy Studies, July, 1985

Dore, R. 1986 Flexible Rigidities: Industrial Policy and Structural Adjustment in the Japanese Economy 1970-80, London, The Athlone Press

Fishlow, A. 1990 The Latin American State, Journal of Economic Perspectives, vol. 4, no. 3

Fishlow, A. 1991 Some Reflections on Comparative Latin American Economic Performance and Policy in T. Banuri (ed.), Economic Liberalism: No Panacea, Oxford, Oxford University Press

Glyn, A., Hughes, A., Lipietz, A. & Singh, A. 1990 The Rise and Fall of the Golden Age in S. Marglin & J. Schor (eds.), The Golden Age of Capitalism, Oxford, Clarendon Press

Helpman, E. & Krugman, P. 1989 Trade Policy and Market Structure, Cambridge, Massachusetts, The MIT Press

Hughes, A. & Singh, A. 1991 The World Economic Slowdown and the Asian and the Latin American Economies in T. Banuri (ed.), Economic Liberalisation: No Panacea, Oxford, Oxford University Press

Johnson, C. 1987 Political Institutions and Economic Performance: The Government-Business Relationship in Japan, South Korea, and Taiwan in F. Deyo (ed.), The Political Economy of New Asian Industrialism, Ithaca, Cornell University Press

Kaldor, N. 1966 Causes of the Slow Rate of Economic Growth in the United Kingdom, Inaugural Lecture, University of Cambridge: Cambridge University Press

Khan, M. & Knight, M. 1988 Import Compression and Export Performance in Developing Countries, Review of Economics and Statistics, May, 1988

Krugman, P. 1987 Is Free Trade Passé?, Journal of Economic Perspectives, vol. 1, no. 2

Lal, D. 1983 The Poverty of Development Economics, London, The Institute of Economic Affairs

Lockwood, W. 1965 Japan's `New Capitalism' in W. Lockwood (ed.), The State and Economic Enterprise in Japan, Princeton, Princeton University Press

Lucas, R. 1990 Review of Trade Policy and Market Structure by E. Helpman & P. Krugman, Journal of Political Economy, vol. 98, no. 3

Maddison, A. 1982 Phases of Capitalist Development, Oxford, Oxford University Press

Maddison, A. 1985 Two Crises: Latin Aemrica and Asia 1929-38 and 1973-83, Paris, OECD

Magaziner, I. & Hout, T. 1980 Japanese Industrial Policy, London, Policy Studies Institute

Nelson, R. 1981 Research on Productivity Growth and Productivity Differences: Dead Ends and New Departures, Journal of Economic Literature, vol. 19, no. 3

Nino, K. 1973 On Efficiency and Equity Problems in the Industrial Policy - with Special Relation to the Japanese Experience, Kobe University Economic Review, no. 19

Odagiri, H. & Hase, T. 1989 Are Mergers and Acquistions going to be popular in Japan too?: An Empirical Study, International Journal of Industrial Organisation, vol. 7, no. 1

OECD 1972 The Industrial Policy of Japan, Paris, OECD

Pack, H. 1988 Industrialisation and Trade, The Handbook of Development Economics, Amsterdam, North-Holland

Rodrik, D. 1991 Closing the Productivity Gap: Does Trade Liberalisation Really Help? in G. Helleiner (ed.), Trade Policy, Liberalisation, and Development: New Perspectives, Oxford, Clarendon Press

Rodrik, 1992 The Limits of Trade Policy Reform in Developing Countries, Journal of Economic Perspectives, vol. 6, no. 1

Ros, J. 1986 Mexico's Stabilisation and Adjustment Policies (1982-85), Labour and Society, Sept. 1986

Ros, J. 1991 Foreign Exchange and Fiscal Constraints on Growth: A Reconsideration of Structuralist and Macroeconomic Approaches, paper presented at the Conference on New Directions in Analytical Political Economy, University of Notre Dame, March 8-10, 1991

Sachs, J. 1985 External Debt and Macroeconomic Performance in Latin America and East Asia, Brookings Papers on Economic Activity, 1985, no. 2

Sachs, J. 1987 Trade and Exchange Rate Policies in Growth-Oriented Adjustment Programs in V. Corbo, M. Khan & K. Goldstein (eds.), Growth-Oriented Structural Adjustment, Washington D.C. IMF & World Bank

Scitovsky, T. 1986 Economic Development in Taiwan and South Korea: 1965-81, Food Research Institute Studies, vol. 19, no. 3

Scott, B. 1991 Economic Strategy and Economic Policy, A paper presented at the World Bank, 21 Nov. 1991

Short, R. 1984 The Role of Public Enterprises: An International Statistical Comparison in R. Floyd, C. Gary & R. Short (eds.) Public Enterprises in Mixed Economies: Some Macroeconomic Aspects, Washington D.C., International Monetary Fund

Singh, A. 1979 North Sea Oil and the Reconstruction of UK Industry in F. Blackaby (ed.), DeIndustrialisation, London, Heinemann Educational Books

Singh, A. 1984 The Interrupted Industrial Revolution of the Third World: Prospects and Policies for Resumption, Industry and Development, June, 1984

Singh, A. 1985 The World Economy and the Comparative Economic Performance of Large Semi-Industrial Countries, Bangkok, ARTEP/ILO

Singh, A. 1989 Third World Competition and De-Industrialisation in Advanced Countries, Cambridge Journal of Economics, vol. 13, no. 1

Singh, A. 1990 Southern Competition, Labour Standards, and Industrial Development in the North and the South in S. Herzenberg & J. Perez-Lopez (eds.), Labour Standards and Development in the Global Economy, Washington D.C., U.S. Department of Labour, Bureau of International Labour Affairs

Singh, A. 1992a The Actual Crisis of Economic Development in the 1980s: An Alternative Policy Perspective for the Future in A. Dutt & K. Jameson, New Directions in Development Economics, Aldershort, Edward Elgar

Singh, A. 1992b Corporate Takeovers in The New Palgrave Dictionary of Money and Finance, London, Macmillan

Singh, A. 1992c The Lost Decade: The Economic Crisis of the Third World in the 1980s, Contention, vol. 1, no. 3

Taylor, L. 1988 Varieties of Stabilisation Experiences, Oxford, Oxford University Press

Taylor, L. 1991 Foreign Resource Flows and Developing Country Growth, WIDER Research for Action, WIDER, Helsinki

Verdoorn, P. 1949 Fattori che regolano lo sviluppo della produttivitá del lavaro, L'Industria, 1949

Wade, R. 1990 Governing the Market, Princeton, Princeton University Press

Yamamura, K. 1988 Caveat Emptor: The Industrial Policy of Japan in P. Krugman (ed.), Strategic Trade Policy and the New International Economics, Cambridge, Massachusetts, The MIT Press