The Paradox of Catching Up: Rethinking State-Led Economic Development - Hardcover

Tan, L.

Hardcover

ISBN 10: 1403949549 ISBN 13: 9781403949547

Publisher: Palgrave Macmillan, 2005

Synopsis

The phenomenon of state-led development has been persistent throughout modern history and remains significant today. Latecomers in the world's development, from Russia in the 19th century to contemporary China, persistently resorted to the state as a developmental instrument in economic catch-up. Why did relatively 'backward' economies tend to take the state-led approach rather than following the free market model? Why did those latecomers that used the state as the main coordinator and had the bureaucratic capacity to do so modernize faster than other 'backward' economies? Finally, do the successful state-led developers have the potentials to take the lead in world's developments? Or under what conditions could they do so? These are the questions the book intends to answer. This book looks into the state-led development in the post-war period, offering a new perspective for interpreting the choice of the state-led approach by latecomers and the consequences of such choices.

About this title

About the Author

LI TAN is a senior research analyst at a financial firm in New York, USA and holds a Ph.D. in Economics. She has worked at various institutions in the United States and China, and published articles in both academic and business fields. Her research areas include economic developments and international economics.

Edition details

• Publisher: Palgrave Macmillan
• Publication date: 2005
• Language: English
• ISBN 10: 1403949549
• ISBN 13: 9781403949547
• Binding: Hardcover
• Number of pages: 199