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King Kong Meets Godzilla: The World Bank and The East Asian Miracle Author info | Abstract | Publisher info | Download info | Related research | Statistics Rodrik, Dani
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The World Bank's The East Asian Miracle: Economic Growth and Public Policy makes official what East Asian specialists had long known: most of the high-performing Asian economies have had extensive government intervention, and some of these interventions, in the areas of credit and exports, have worked in fostering both growth and equity. Nevertheless, the bank finds in the East Asian experience a confirmation of its `market-friendly' approach to policy. Upon closer look, some of the critical bits of analysis contained in the report turn out to be weak and questionable. Consequently, many of the report's conclusions and recommendations, relating to trade and industrial strategy in particular, have to be discounted heavily.
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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number
944.
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Date of creation: Apr 1994Date of revision:
Handle: RePEc:cpr:ceprdp:944Contact details of provider: Postal: Centre for Economic Policy Research, 53--56 Great Sutton Street, London EC1V 0DG Phone: 44 - 20 - 7183 8801 Fax: 44 - 20 - 7183 8820
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Keywords: East Asia ; Economic Growth ; Find related papers by JEL classification: O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
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