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Introduction

In: Industrialization, Trade and Market Failures

Author

Listed:
  • Mauricio Mesquita Moreira

    (University of Rio de Janeiro)

Abstract

The outstanding industrial and macroeconomic performances of the East Asian newly industrialized countries (NICs) over the last three decades (Table 1), have deeply affected the debate over the best strategy for a successful industrialization. The structuralist thinking, which had originated and dominated development economics during the 1950s and 1960s, and which emphasized government intervention in the face of the LDCs’ ‘structural rigidities’, was gradually replaced over the 1970s and 1980s by a new orthodoxy: the so-called neoclassical approach.1

Suggested Citation

  • Mauricio Mesquita Moreira, 1995. "Introduction," Palgrave Macmillan Books, in: Industrialization, Trade and Market Failures, pages 1-3, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-23698-5_1
    DOI: 10.1007/978-1-349-23698-5_1
    as

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