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Эволюционная Теория Экономической Политики: Часть I: Опыт Быстрого Развития
[An Evolutionary Theory of Economic Policy: Part I: The Experience of Fast Development]

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  • Polterovich, Victor
  • Popov, Vladimir

Abstract

This article presents the first part of the work on how instruments and methods of the growth promotion should change as a country approaches the level of advanced economies in terms of welfare and the quality of institutions. We describe the evolution of economic policies in Western countries and also in countries that became known as "economic miracles" during their catch up development. Our analysis allows to trace the major directions of such evolution: from import substitution to export orientation, from regulation of import tariffs to non-selective policy of the real exchange rate undervaluation, from import of technology to domestically based research and development, from creation of large companies to support of small and medium-size firms.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 22168.

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Date of creation: 2006
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Handle: RePEc:pra:mprapa:22168

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Keywords: economic growth; institutions; "economic miracles";

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  1. Polterovich, Victor & Popov, Vladimir, 2003. "Accumulation of Foreign Exchange Reserves and Long Term Growth," MPRA Paper 20069, University Library of Munich, Germany.
  2. Francisco Rodriguez & Dani Rodrik, 2001. "Trade Policy and Economic Growth: A Skeptic's Guide to the Cross-National Evidence," NBER Chapters, National Bureau of Economic Research, Inc, in: NBER Macroeconomics Annual 2000, Volume 15, pages 261-338 National Bureau of Economic Research, Inc.
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