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The Paradox of Catching Up

Rethinking of State-Led Economic Development

The Paradox of Catching Up( )
Author: Tan, Li
ISBN:978-1-4039-4954-7
Publication Date:Aug 2005
Publisher:Palgrave Macmillan Limited
Book Format:Hardback
List Price:AUD $216.95
Book Description:

The phenomenon of state-led development has been persistent throughout modern history and remains significant today. Latecomers in the world's development, from Russia in the 19th century to contemporary China, persistently resorted to the state as a developmental instrument in economic catch-up. Why did relatively 'backward' economies tend to take the state-led approach rather than following the free market model? Why did those latecomers that used the state as the main coordinator...
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