Globalization, Economic Development and the Role of the State
Ha-Joon Chang evaluates the role of the state in economics and development. In this collection of essays, he reviews theories and practices of state intervention as they have developed over two centuries of modern capitalism. He develops an institutionalist approach to the role of the state in economic change, and examines the issues involved in particular settings including industrial policy, trade policy, intellectual property rights, regulation, and strategies towards transnational corporations. He mounts a sophisticated theoretical and historical case for the continuing essential and constructive roles which the state can and must play in economic development.
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PART HI POLICY ISSUES IN THE NEW GLOBAL CONTEXT
The Fall of the Golden Age and the Neoliberal Upsurge
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activities agents argued argument bureaucrats Cambridge University Press capitalist central planning Chapter competition conflict management coordination Corporatism corporatist costs debate deregulation developing countries discussion Dore dynamic East Asian Economic Development Economic Theory efficiency entrepreneurship especially example existing firms globalisation growth Hayek important incentive individual industrial policy industrialisation innovation institutionalist institutionalist political economy institutions interest intervention interventionist investment involved IPRs issue Japan Japanese Journal of Economic Korea labour LDCs London and Basingstoke macroeconomic market failure ment monopoly Moreover natural monopoly neoclassical economics neoliberal nomic organised Oxford University Press patent period PIPRs Political Economy postwar principal-agent principal-agent problem private sector privatisation problem production profitability property rights public enterprises recession cartels reform regulation regulatory regime rent-seeking role Rowthorn Section Singh SIT policies social strategic structural change Taiwan theoretical tion TNCs trade welfare economics World Bank