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Economic Development and Transition Thought, Strategy, and Viability

Justin Yifu Lin

Published by Cambridge University Press
ISBN 10: 0521735513 / ISBN 13: 9780521735513
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Title: Economic Development and Transition Thought,...

Publisher: Cambridge University Press

Binding: Paperback

Book Condition: New

Book Type: Paperback

Description:

Paperback. 182 pages. Dimensions: 8.9in. x 5.9in. x 0.4in.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 economys 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. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Bookseller Inventory # 9780521735513

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Synopsis: 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.

Book Description: With only a few exceptions in East Asia, most developing and transitional countries have failed to exploit their economic potential. Renowned development economist Justin Yifu Lin argues that the success or failure of development strategies depends largely on the role of governments.

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