Economic Development and Transition (häftad)
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Format
E-bok
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PDF med LCP-kryptering (0.0 MB)
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Språk
Engelska
Antal sidor
184
Utgivningsdatum
2009-02-12
Förlag
Cambridge University Press
ISBN
9780511500855

Economic Development and Transition E-bok

Thought, Strategy, and Viability

av Justin Yifu Lin
E-bok (PDF, LCP),  Engelska, 2009-02-12
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In Economic Development and Transition, renowned development economist Justin Yifu Lin argues that economic performance in developing countries depends largely on government strategy. If the government plays a facilitating role, enabling firms to exploit the economy's comparative advantages, its economy will develop successfully. However, governments in most developing countries attempt to promote industries that go against their comparative advantages by creating various kinds of distortion to protect nonviable firms in priority industries. Failing to recognize the original intention of many distortions, most governments in transition economies attempt to eliminate those distortions without addressing firms' viability problems, causing economic performance to deteriorate in their transition process. Governments in successful transition economies adopt a pragmatic dual-track approach that encourages firms to enter sectors that were suppressed previously and gives necessary support to firms in priority industries before their viability issue is addressed.
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