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Development Strategies: Lessons from the Experiences of South Korea, Malaysia, Thailand and Vietnam

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  • Haider A. Khan

Abstract

This piece synthesizes the development strategies of Korea, Malaysia, Thailand and Vietnam and draws some relevant lessons. Using a complex adaptive systems approach, strategic openness, a set of heterodox macroeconomic policies, creation of institutions for productive investment in both agriculture and industry, avoidance of severe inequalities and political conflict, special initial conditions and willingness to learn from unexpected developments are found to be some of these factors.

Suggested Citation

  • Haider A. Khan, 2010. "Development Strategies: Lessons from the Experiences of South Korea, Malaysia, Thailand and Vietnam," WIDER Working Paper Series wp-2010-010, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2010-010
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    File URL: https://www.wider.unu.edu/sites/default/files/wp2010-10.pdf
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    References listed on IDEAS

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    1. Cline, William R., 1982. "Can the East Asian model of development be generalized?," World Development, Elsevier, vol. 10(2), pages 81-90, February.
    2. John Weiss & Haider A. Khan (ed.), 2006. "Poverty Strategies in Asia," Books, Edward Elgar Publishing, number 4247.
    3. Arslan Razmi & Robert Blecker, 2008. "Developing Country Exports of Manufactures: Moving Up the Ladder to Escape the Fallacy of Composition?," Journal of Development Studies, Taylor & Francis Journals, vol. 44(1), pages 21-48.
    4. Haider A. Khan, 1997. "Technology, Energy and Development," Books, Edward Elgar Publishing, number 1238.
    5. Jörg Mayer, 2002. "The Fallacy of Composition: A Review of the Literature," The World Economy, Wiley Blackwell, vol. 25(6), pages 875-894, June.
    6. Peter G. Warr, 1999. "What Happened to Thailand?," The World Economy, Wiley Blackwell, vol. 22(5), pages 631-650, July.
    7. Haider A. Khan, 1998. "Technology, Development and Democracy," Books, Edward Elgar Publishing, number 1247.
    8. Khan, Haider, 2008. "Building an Innovative Economy through Managed Creative Destruction: A Theory with Applications to South Korea," MPRA Paper 7713, University Library of Munich, Germany, revised 2008.
    9. Keun Lee, 2006. "The Washington Consensus and East Asian Sequencing: Understanding Reform in East and South Asia," Palgrave Macmillan Books, in: José María Fanelli & Gary McMahon (ed.), Understanding Market Reforms, chapter 3, pages 99-140, Palgrave Macmillan.
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    Cited by:

    1. Schettino, Francesco & Khan, Haider A., 2020. "Income polarization in the USA: What happened to the middle class in the last few decades?," Structural Change and Economic Dynamics, Elsevier, vol. 53(C), pages 149-161.

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