Chapter

New Paradigm for Development: A Mixed Economy Model

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: http://dx.doi.org/10.1093/0199276773.003.0024
 New Paradigm for Development: A Mixed Economy Model

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The reform priorities for a new development paradigm involve a new governance system, the role of government, social protection, industrial relations, financial reform, the reform of industrial organizations and exchange rate systems, and capital account liberalization. The new paradigm for East Asia can be distinguished from its predecessor in that it will be more democratic, market oriented, more open, and built on foundations comprising a set of democratic political institutions.

Keywords: market deregulation; development paradigm; governance; social protection; reform

Chapter.  2571 words. 

Subjects: Business and Management

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