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Эволюционная Теория Экономической Политики: Часть I: Опыт Быстрого Развития
[An Evolutionary Theory of Economic Policy: Part I: The Experience of Fast Development]

Author

Listed:
  • Polterovich, Victor
  • Popov, Vladimir

Abstract

This article presents the first part of the work on how instruments and methods of the growth promotion should change as a country approaches the level of advanced economies in terms of welfare and the quality of institutions. We describe the evolution of economic policies in Western countries and also in countries that became known as "economic miracles" during their catch up development. Our analysis allows to trace the major directions of such evolution: from import substitution to export orientation, from regulation of import tariffs to non-selective policy of the real exchange rate undervaluation, from import of technology to domestically based research and development, from creation of large companies to support of small and medium-size firms.

Suggested Citation

  • Polterovich, Victor & Popov, Vladimir, 2006. "Эволюционная Теория Экономической Политики: Часть I: Опыт Быстрого Развития [An Evolutionary Theory of Economic Policy: Part I: The Experience of Fast Development]," MPRA Paper 22168, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:22168
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    References listed on IDEAS

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    More about this item

    Keywords

    economic growth; institutions; economic miracles;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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