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Governing the Market

Economic Theory and the Role of Government in East Asian Industrialization

By: Robert Wade

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Paperback | 9 February 2004 | Edition Number 2

At a Glance

Paperback
496 Pages

Edition Type
Revised

Dimensions(cm)
23.4 x 15.2 x 3.4

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Published originally in 1990 to critical acclaim, Robert Wade's Governing the Market quickly established itself as a standard in contemporary political economy. In it, Wade challenged claims both of those who saw the East Asian story as a vindication of free market principles and of those who attributed the success of Taiwan and other countries to government intervention. Instead, Wade turned attention to the way allocation decisions were divided between markets and public administration and the synergy between them. Now, in a new introduction to this paperback edition, Wade reviews the debate about industrial policy in East and Southeast Asia and chronicles the changing fortunes of these economies over the 1990s. He extends the original argument to explain the boom of the first half of the decade and the crash of the second, stressing the links between corporations, banks, governments, international capital markets, and the International Monetary Fund. From this, Wade goes on to outline a new agenda for national and international development policy.

Industry Reviews

Winner of the 1992 Best Book Award of the Political Economy Section of the American Political Science Association "[This] study by Robert Wade is one of only a handful that describes how economic policy in East Asia has actually worked... A superb book... Governing the Market demystifies East Asia's miracle without making it seem any less remarkable. It assaults idle prejudice on every side of the debate about markets and the role of government. It is long overdue, and deserves to be widely read."--Economist "This valuable book provides a quite detailed and carefully analytical account of the economic development of Taiwan and its political and social setting... [Wade] makes a good case for his view that while market forces, at home and abroad, have been given much play, the government has also played a key part."--Foreign Affairs

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You Can Find This Book In

Non-Fiction Economics Economic Systems & Structures Business & Management Development Economics & Emerging Economies Reference, Information & Interdisciplinary Subjects Interdisciplinary Studies Development Studies Political Economy Industry & Industrial Studies Politics & Government Political Science & Theory

Economic Theory & Philosophy International Economics International Finance

List of Figures
List of Tables
Introduction to the 2003 Paperback Edition
Acknowledgments
Introduction	p. 3
States, Markets, and Industrial Policy	p. 8
The Rise of East Asia	p. 34
The Neoclassical Explanation	p. 52
State-led Industrialization, 1930s to 1980s	p. 73
Management of Foreign Trade and Investment	p. 113
Management of Domestic Investment	p. 159
The Economic Bureaucracy	p. 195
The Political System	p. 228
Politics of Investment and Industrial Policy	p. 256
Conclusions (1): Governing the Market in East Asia	p. 297
Conclusions (2): Lessons from East Asia	p. 345
Fiscal Incentives	p. 383
Politics of the 1958-62 Economic Reforms	p. 387
References	p. 395
Index	p. 425
Table of Contents provided by Blackwell. All Rights Reserved.

Governing the Market

Economic Theory and the Role of Government in East Asian Industrialization

At a Glance

Paperback

Industry Reviews

Shipping

How to return your order

Defective items

You Can Find This Book In

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