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- W1556284876 abstract "The economic success of the East Asian countries has inspired many economists to study the background of their rapid growth. Interestingly, different economists interpret this success in entirely different ways. During the 1970s and an important part of the 1980s advocates of the neoclassical model argued that growth in East Asia was the result mainly of the market mechanism and the emphasis on export promotion in these countries. Especially since the mid-1980s the neoclassical approach was criticised by economists who stressed that government intervention played a crucial role in the process of economic growth. This paper aims at presenting a survey of the arguments recently put forward by the critics of the neoclassical approach to explain the role of government in the economic success of the countries in East Asia. Such a survey is very useful, since it forms a new breeding ground for the discussion on the role of the government in the economic deve-lopment of other developing countries and the countries in Eastern Europe. 1 I would like to thank Catrinus Jepma and Robert Lensink for their comments on an earlier version of this paper. The usual disclaimer applies." @default.
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- W1556284876 date "1997-01-01" @default.
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- W1556284876 title "New explanations of the economic success of East Asia : lessons for developing and Eastern European countries" @default.
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