Abstract:The developmental state played a crucial role in orchestrating the East Asian miracle. Having fixed economic development as the major national goal, the governments articulated short-, medium-, and lo...The developmental state played a crucial role in orchestrating the East Asian miracle. Having fixed economic development as the major national goal, the governments articulated short-, medium-, and long-term development plans and used a wide spectrum of tools to make their growth targets achievable. The main job done by the developmental state was creating, often from scratch, and promoting the manufacturing industries which ultimately lead to economic growth. To fulfil this task, the governments pursued various kinds of industrial policy, actively intervening in resource allocation. This chapter traces the transformation of: the economic role and policies of the state; ownership, governance, and management of Asian companies; and Asian-style labour relations.Read More
Publication Year: 2012
Publication Date: 2012-01-02
Language: en
Type: other
Indexed In: ['crossref']
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