Industrialization Trade And Market Failures
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Industrialization Trade And Market Failures
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Author : Mauricio Mesquita Moreira
language : en
Publisher: Springer
Release Date : 1995-01-12
Industrialization Trade And Market Failures written by Mauricio Mesquita Moreira and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-01-12 with Business & Economics categories.
This book challenges the established, neoclassical view of industrial success in developing countries. By re-examining the role of government intervention in the industrialization of Brazil and South Korea, it seeks to show that the key to industrial success does not lie in a simple combination of outward-orientation and laissez-faire, but in the government's success in remedying crucial market failures in the product and factor markets.
The Case For Industrial Policy
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Author : Howard Pack
language : en
Publisher: World Bank Publications
Release Date : 2006
The Case For Industrial Policy written by Howard Pack and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Industrial policy categories.
What are the underlying rationales for industrial policy? Does empirical evidence support the use of industrial policy for correcting market failures that plague the process of industrialization? To address these questions, the authors provide a critical survey of the analytical literature on industrial policy. They also review some recent industry successes and argue that only a limited role was played by public interventions. Moreover, the recent ascendance of international industrial networks, which dominate the sectors in which less developed countries have in the past had considerable success, implies a further limitation on the potential role of industrial policies as traditionally understood. Overall, there appears to be little empirical support for an activist government policy even though market failures exist that can, in principle, justify the use of industrial policy.
Trade And Industrialization
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Author : Deepak Nayyar
language : en
Publisher:
Release Date : 1997
Trade And Industrialization written by Deepak Nayyar and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Business & Economics categories.
Part of the prestigious Themes in Economics series, this collection of essays focuses on selected themes in trade and industrialization--the role of the state and the market in industrial development, stock markets and the financing of corporate industrial growth, and linkages between trade, technology, and growth.
The Case For Industrial Policy
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Author : Howard Pack
language : en
Publisher:
Release Date : 2012
The Case For Industrial Policy written by Howard Pack and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
What are the underlying rationales for industrial policy? Does empirical evidence support the use of industrial policy for correcting market failures that plague the process of industrialization? To address these questions, the authors provide a critical survey of the analytical literature on industrial policy. They also review some recent industry successes and argue that only a limited role was played by public interventions. Moreover, the recent ascendance of international industrial networks, which dominate the sectors in which less developed countries have in the past had considerable success, implies a further limitation on the potential role of industrial policies as traditionally understood. Overall, there appears to be little empirical support for an activist government policy even though market failures exist that can, in principle, justify the use of industrial policy.
Public Goods And Market Failures
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Author : Tyler Cowen
language : en
Publisher: Transaction Publishers
Release Date :
Public Goods And Market Failures written by Tyler Cowen and has been published by Transaction Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on with Business & Economics categories.
Assertions of market failure are usually based on Paul Samuelson's theory of public goods and externalities. This book both develops that theory and challenges the conclusion of many economists and policy-makers that market failures cannot be corrected by market forces. The volume includes major case studies of private provision of public goods. Among the goods considered are lighthouse services, education, municipal services, and environmental conservation.
Achieving Industrialization In East Asia
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Author : Helen Hughes
language : en
Publisher: Cambridge University Press
Release Date : 1988-11-10
Achieving Industrialization In East Asia written by Helen Hughes and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988-11-10 with Business & Economics categories.
This book examines the economic success of the industrializing economies of East Asia. Judged in terms of economic growth, or by a combination of economic and welfare criteria, this group of East Asian countries has established a clear lead over other developing areas of the world.
Endogenous Growth Market Failures And Economic Policy
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Author : Martin Zagler
language : en
Publisher: Palgrave Macmillan
Release Date : 1999-03-14
Endogenous Growth Market Failures And Economic Policy written by Martin Zagler and has been published by Palgrave Macmillan this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-03-14 with Business & Economics categories.
Endogenous Growth, Market Failures and Economic Policy develops, within a rigorous formal framework, innovative and unconventional macroeconomic policy perspectives that can be deduced from the New Growth Theory in the presence of market imperfections, adopting the standard structure of fiscal, monetary and trade policy for the book. For instance, the introduction of monopolistic competition leads to positive growth effects of fiscal policy as well as protection of infant industries.
A Market Failures Approach To International Trade And Specialization
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Author : Leonard Kwok-Hon Cheng
language : en
Publisher:
Release Date : 1980
A Market Failures Approach To International Trade And Specialization written by Leonard Kwok-Hon Cheng and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980 with International economic relations categories.
Free Trade And Prosperity
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Author : Arvind Panagariya
language : en
Publisher: Oxford University Press
Release Date : 2019-04-01
Free Trade And Prosperity written by Arvind Panagariya and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-04-01 with Business & Economics categories.
Arguments for protection and against free trade have seen a revival in developed countries such as the United States and Great Britain as well as developing countries such as India. Given the clear benefits trade openness has brought everywhere, this is a surprising development. The benefits of free trade are especially great for emerging market economies. FreeÂTrade and ProsperityÂoffers the first full-scale defense of pro-free-trade policies with developing countries at its center. Arvind Panagariya, a professor at Columbia University and former top economic advisor to the government of India, supplies a historically informed analysis of many longstanding but flawed arguments for protection. He starts with an insightful overview of the positive case for free trade, and then closely examines the various contentions of protectionists. One protectionist argument is that "infant" industries need time to grow and become competitive, and thus should be sheltered. Other arguments are that emerging markets are especially prone to coordination failures, they are in need of diversification of their production structures, and they suffer from market imperfections. The panoply of protectionist arguments, including those for import substitution industrialization, fails when subject to close logical and empirical scrutiny. Free trade and outward-oriented policies are preconditions to both sustained rapid growth and poverty alleviation in developing countries. Panagariya provides compelling evidence demonstrating the failures of protectionism and the promise of free trade using detailed case studies of successful countries such as Singapore, Taiwan, South Korea, China and India. Low or declining barriers to free trade and high or rising shares of trade in total income have been key elements in the sustained rapid growth and poverty alleviation in these countries and many others. Free trade is like oxygen: the benefits are ubiquitous and not noticed until they are no longer there. This important book is an essential reminder of the costs of protectionism.
Microeconomics Of Market Failures
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Author : Bernard Salanie
language : en
Publisher: MIT Press
Release Date : 2000-10-10
Microeconomics Of Market Failures written by Bernard Salanie and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-10-10 with Business & Economics categories.
Bernard Salanié studies situations where competitive markets fail to achieve a collective optimum and the interventions used to remedy these so-called market failures. In this book Bernard Salanié studies situations where competitive markets fail to achieve a collective optimum and the interventions used to remedy these so-called market failures. He includes discussions of theories of collective decision making, as well as elementary models of public economics and industrial organization. Although public economics is traditionally defined as the positive and normative study of government action over the economy, Salanié confines himself to microeconomic aspects of welfare economics; he considers taxation and the effects of public spending only as potential remedies for market failures. He concludes with a discussion of the theory of general equilibrium in incomplete markets.