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'Paradigms of development: The East Asian debate': A comment

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  • Pan-Long Tsai

Abstract

Sanjaya Lall's contribution to the debate on the role of industrial policy in economic development (Oxford Development Studies, 24, pp. 111-131,1996) is criticized. Part of the argument concerns the nature of development experience in Hong Kong, where deindustrialization is not regarded as a sign of lack of industrial policy, as argued by Lall. More generally, the article contends that selective intervention is not necessarily the key to capturing the benefits of dynamic comparative advantage, that intervention costs can be large, and that governments can have difficulty in devising and implementing plans for the development of technological capability.

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  • Pan-Long Tsai, 1997. "'Paradigms of development: The East Asian debate': A comment," Oxford Development Studies, Taylor & Francis Journals, vol. 25(2), pages 237-243.
    • Handle: RePEc:taf:oxdevs:v:25:y:1997:i:2:p:237-243
    DOI: 10.1080/13600819708424132
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    References listed on IDEAS

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    1. Hill, Hal, 1996. "Indonesia's Industrial Policy and Performance: "Orthodoxy" Vindicated," Economic Development and Cultural Change, University of Chicago Press, vol. 45(1), pages 147-174, October.
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    3. Singh, Ajit, 1994. "Openness and the market friendly approach to development: Learning the right lessons from development experience," World Development, Elsevier, vol. 22(12), pages 1811-1823, December.
    4. Amsden, Alice H., 1994. "Why isn't the whole world experimenting with the East Asian model to develop?: Review of the East Asian miracle," World Development, Elsevier, vol. 22(4), pages 627-633, April.
    5. Heather Smith, 1995. "Industry Policy in East Asia," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 9(1), pages 17-39, May.
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