Development Policies and Governance

Yung Chul Park

in Economic Liberalization and Integration in East Asia

Published in print December 2005 | ISBN: 9780199276776
Published online February 2006 | e-ISBN: 9780191603051 | DOI:
 Development Policies and Governance

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East Asia’s success can be attributed to a market friendly policy or getting the basics right. The development of agriculture, social risk management, technology openness, and the accumulation of physical and human capital gave East Asian economies the economic basics or fundamentals, while interventionist policies and export promotion encouraged rapid growth. Most East Asian countries had authoritarian regimes which were effective in leading economic development.

Keywords: market friendly; intervention; export promotion; sector coordination; interventionist policies; market enhancing; developmental state

Chapter.  4977 words. 

Subjects: Business and Management

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