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'Openness' and the 'Market Friendly' approach to development: learning the right lessons from development experience

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  • Singh, Ajit

Abstract

Two principal analytical and practical policy issues in economic development today are: a) the degree and kind of openness to the world economy a developing country should seek; b) what should the government do, or not do, in order to promote fast economic and industrial development. These questions are controversial and have therefore been the subject of an important debate, not least in the pages of this Journal. In view of its direct policy involvement in developing countries around the globe, the World Bank has been a major participant in this debate.

Suggested Citation

  • Singh, Ajit, 1995. "'Openness' and the 'Market Friendly' approach to development: learning the right lessons from development experience," MPRA Paper 54988, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:54988
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    Citations

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    Cited by:

    1. Singh, Ajit, 1998. "Global Unemployment, Longrun Economic Growth and Labour Market Rigidities: A Commentary," MPRA Paper 24285, University Library of Munich, Germany.
    2. Abdelkader Sid Ahmed, 1996. "Le cadre de la coopération de Barcelone : implications pour les économies arabes du Moyen-Orient," Revue Tiers Monde, Programme National Persée, vol. 37(148), pages 919-939.
    3. Gore, Charles, 2000. "The Rise and Fall of the Washington Consensus as a Paradigm for Developing Countries," World Development, Elsevier, vol. 28(5), pages 789-804, May.
    4. Hermes, Niels, 1997. "New explanations of the economic success of East Asia : lessons for developing and Eastern European countries," CDS Research Reports 199703, University of Groningen, Centre for Development Studies (CDS).
    5. Ajit Singh, 1998. ""Asian Capitalism" and the Financial Crisis," SCEPA working paper series. 1998-15, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    6. 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.
    7. Vandenhole Wouter, 2019. "Towards a Fourth Moment in Law and Development?," The Law and Development Review, De Gruyter, vol. 12(2), pages 265-283, June.
    8. Singh, Ajit, 1996. "Catching up with the West: a perspective on Asian economic development," MPRA Paper 54925, University Library of Munich, Germany.
    9. Singh, Ajit, 1997. "Growth: its sources and consequences," MPRA Paper 54978, University Library of Munich, Germany.
    10. Singh, Ajit & Weisse, Bruce, 1998. "The Asian model: a crisis foretold," MPRA Paper 54002, University Library of Munich, Germany.
    11. Singh, Ajit, 1996. "The post-Uruguay round world trading system, industrialisation, trade and development: implications for Asia-Pacific developing countries," MPRA Paper 54992, University Library of Munich, Germany.
    12. Sandrine Labory, 2014. "Determining Industrial Policy in Current Conditions of Competition," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 4, December.
    13. repec:dgr:rugcds:199703 is not listed on IDEAS
    14. Singh, Ajit, 1996. "The Asia-Pacific developing countries and the new world trading system: a historical overview of emerging policy issues," MPRA Paper 54987, University Library of Munich, Germany.
    15. Singh, Ajit, 2005. "The Doha development agenda: what special and differential treatment?," MPRA Paper 53438, University Library of Munich, Germany.
    16. Sanjaya Lall, 1996. "Structural Adjustment and African Industry," Palgrave Macmillan Books, in: Learning from the Asian Tigers, chapter 5, pages 124-147, Palgrave Macmillan.
    17. Sachin Chaturvedi, 2016. "The Development Compact," International Studies, , vol. 53(1), pages 15-43, January.

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    More about this item

    Keywords

    developing country; economic growth; market-friendly; world economy;
    All these keywords.

    JEL classification:

    • F6 - International Economics - - Economic Impacts of Globalization
    • G1 - Financial Economics - - General Financial Markets
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy

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