Economic Development and Transition

Name: Economic Development and Transition
Brand: Cambridge University Press
SKU: 9780521514521
Price: 371.26 RON
Availability: InStock

Thought, Strategy, and Viability

Autor: Justin Yifu Lin

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Legare: Copertă tare

Editura: Cambridge University Press

Disponibilitate: În depozitul extern

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In Economic Development and Transition, renowned development economist Justin Yifu Lin argues that e...

Informații despre carte

Autor

Justin Yifu Lin

Limbă

engleză

Legare

Carte - Copertă tare

Publicat

2009

Pagini

184

EAN

9780521514521

ISBN

0521514525

Enbook ID

02033114

Editura

Cambridge University Press

Greutate

428

Dimensiuni

236 x 160 x 21

Descriere completă

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.

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