| Document Type
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BL
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| Record Number
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954642
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| Doc. No
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b709012
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| Title & Author
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The role of government in East Asian economic development : : comparative institutional analysis /\ edited by Masahiko Aoki, Hyung-Ki Kim, and Masahiro Okuno-Fujiwara.
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| Publication Statement
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Oxford :: Clarendon Press ;New York :: Oxford University Press,, 1997.
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| Page. NO
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xxii, 419 pages :: illustrations ;; 24 cm
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| ISBN
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0198292139
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: 0198294913
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: 9780198292135
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: 9780198294917
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| Notes
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Second imprint from label on title page verso.
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| Bibliographies/Indexes
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Includes bibliographical references and index.
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| Abstract
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At the same time, it recognizes that the capabilities of the private sector are more limited in developing economies.
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In presenting the market-enhancing view, the book recognizes the wide diversity of the roles of government across various East Asian economies including Japan, Korea, Hong Kong, Malaysia, and China, and its path-dependent and developmental stage nature.
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Instead of viewing government and the market as mutually exclusive substitutes, it examines the capacity of government policy to facilitate or complement private sector co-ordination.
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The book starts from the premise that private sector institutions have important comparative advantages over government, in particular in their ability to process information available on site.
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The market-enhancing view thus stresses the mechanisms whereby government policy is directed at improving the ability of the private sector to solve coordination problems and overcome other market imperfections.
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The role of government in East Asian economic development has been a contentious issue.
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They are distinct only in their judgement of the extent to which market failures have been, and ought to be, remedied by direct government intervention.
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This collection of essays suggests a breakthrough, third view: the market-enhancing view.
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Two competing views have shaped enquiries into the source of the rapid growth of the high-performing Asian economies and attempts to derive a general lesson for other developing economies: the market-friendly view, according to which government intervenes little in the market, and the developmental state view, in which it governs the market.
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What these views share in common is a conception of market and government as alternative mechanisms for resource allocation.
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| Subject
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83.32 economic policy.
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Dirigismus
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Economic policy.
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Fallstudie
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Wirtschaftsentwicklung
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Wirtschaftspolitik
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Economische ontwikkeling.
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Instituties.
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Markteconomie.
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Overheidsbeleid.
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Vergelijkende economie.
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| Subject
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East Asia, Economic policy, Case studies.
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Extrême-Orient, Politique économique, Cas, Études de.
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Asie orientale, Politique économique, Cas, Études de.
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East Asia.
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Ostasien
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Stanford Calif., 1995
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| Dewey Classification
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338.95
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| LC Classification
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HC460.5.R65 1997
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| NLM classification
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338.95
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83.32bcl
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QG 800rvk
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QG 860rvk
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RR 65986rvk
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| Added Entry
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Aoki, Masahiko,1938-2015.
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Kim, Hyung-Ki,1936-
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Okuno, Masahiro,1947-
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