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Paradigms of development: A Rejoinder

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  • Sanjaya Lall

Abstract

The comments by Tsai illustrate some important points in the industrial policy debate, though they also reflect a misconception of the purposes of my paper. My rejoinder describes briefly the 'revisionist' case, noting that it provides grounds for careful government policies to overcome market failures and not for wholesale, inefficient intervention. It discusses why Tsai's critique of my interpretation of the Asian Tigers is misplaced, and goes on to argue that the 'revisionist' case does not underestimate the costs of government failure. It does, however, hold that selective interventions are feasible in certain circumstances, and that other developing country governments can leant from the East Asian experience.

Suggested Citation

  • Sanjaya Lall, 1997. "Paradigms of development: A Rejoinder," Oxford Development Studies, Taylor & Francis Journals, vol. 25(2), pages 245-253.
    • Handle: RePEc:taf:oxdevs:v:25:y:1997:i:2:p:245-253
    DOI: 10.1080/13600819708424133
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    References listed on IDEAS

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    1. Sanjaya Lall, 1996. "Learning from the Asian Tigers," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-38989-2.
    2. Lall, Sanjaya, 1994. "The East Asian miracle: Does the bell toll for industrial strategy?," World Development, Elsevier, vol. 22(4), pages 645-654, April.
    3. Rodrik, Dani, 1996. "Coordination failures and government policy: A model with applications to East Asia and Eastern Europe," Journal of International Economics, Elsevier, vol. 40(1-2), pages 1-22, February.
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