Economic Development and Transition: Thought, Strategy, and Viability

Economic Development and Transition: Thought, Strategy, and Viability by Justin Yifu Lin

Title: Economic Development and Transition: Thought, Strategy, and Viability
Author: Justin Yifu Lin
ISBN10: 0521514525
ISBN13: 978-0521514521
Publisher: Cambridge University Press; 1 edition (March 16, 2009)
Language: English
Subcategory: Economics
Size PDF: 1544 kb
Size Fb2: 1876 kb
Rating: 3.7/5
Votes: 380
Pages: 184 pages
Other Format: doc lrf txt lit

Economic Development and Transition: Thought, Strategy, and Viability by Justin Yifu Lin


pdf epub fb2 djvu



In Economic Development and Transition, renowned development economist Justin Yifu Lin argues that economic performance in developing countries depends largely on government strategy. If the government plays a facilitating role, enabling firms to exploit the economy's comparative advantages, its economy will develop successfully. However, governments in most developing countries attempt to promote industries that go against their comparative advantages by creating various kinds of distortion to protect nonviable firms in priority industries. Failing to recognize the original intention of many distortions, most governments in transition economies attempt to eliminate those distortions without addressing firms' viability problems, causing economic performance to deteriorate in their transition process. Governments in successful transition economies adopt a pragmatic dual-track approach that encourages firms to enter sectors that were suppressed previously and gives necessary support to firms in priority industries before their viability issue is addressed.

Related to Economic Development and Transition: Thought, Strategy, and Viability pdf / fb2 / epub ebooks: