Developmental States and Markets in East Asia: An Introduction

White, Gordon; Wade, Robert

doi:10.1007/978-1-349-19195-6_1

Cited by 67 publications

(51 citation statements)

References 7 publications

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“…As many comparative studies have shown, it is in those countries where governments have played active roles that economic structural adjustment has been swifter, international competitiveness stronger, growth more sustained, and distribution of income and wealth more equal. 68 The fact that there may exist government policies that would be welfare improvements, of course, does not necessarily support a presumption that government intervention is always desirable. Markets fail, but so do governments.…”

Section: Resultsmentioning

confidence: 99%

The Changing Role of Government

Rubin¹

1996

Shifts in the Social Contract: Understanding Change in American Society

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Section: Resultsmentioning

confidence: 99%

The Changing Role of Government

Rubin¹

1996

Shifts in the Social Contract: Understanding Change in American Society

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“…Some have argued that the newly industrialising countries (NIC) in Asia are examples of Listian Mercantilism (Brohman, 1996;Burmeister, 1990;Hoogvelt, 1990, White, 1988. As Brohman (1996, p.116…”

Section: State Control Is Not a New Conceptmentioning

confidence: 99%

“…Rather than conforming to free trade and laissez-faire, NIC development strategies more closely resemble classical Listian mercantilism (Burmeister 1990;Hoogvelt 1990;White 1988). The nineteenth-century German economist Friedrich List (1916 [1844]) claimed that comparative advantage was a doctrine of the dominant; the dominated could expect to derive little advantage from it.…”

Section: )) Explains Itmentioning

confidence: 99%

The Asian Development Model and Mining Reforms in Indonesia

Passant¹,

McLaren²,

Silaen³

et al. 2015

AABFJ

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The aim of this paper is to provide accounting, marketing, management, finance and legal professionals who are engaged with emerging economies with an introduction to the ' Asian Development Model' and to use the mining reforms in Indonesia as an example of the Model in operation. This will assist those professionals in recognising the challenges faced by businesses in Australia and New Zealand when governments in South East Asian countries attempt to 'catch up' to the developed world and at the same time attempt to spread the benefits of the development to their people.The paper argues that there is an Asian Development Model and that the Indonesian mining reforms, in particular the requirement over time for 51 percent Indonesian Government ownership and the ban on the export of unprocessed resources, represent an attempt by the Indonesian State to speed up industrialisation in their country and to spread more of the benefits from mining to ordinary citizens in the recently democratised and politically decentralised country. In attempting to show strength however, the Indonesian state is exposing some weakness. The impact on jobs, revenue and production has been adverse although Foreign Direct Investment has increased. This latter may be because it is foreign multinational mining companies who are better placed than local mining enterprises to build smelters. The success of developing mining might be at the expense of local capital. In other words state intervention does not always produce all of the desired outcomes. It is not a panacea. AbstractThe aim of this paper is to provide accounting, marketing, management, finance and legal professionals who are engaged with emerging economies with an introduction to the 'Asian Development Model' and to use the mining reforms in Indonesia as an example of the Model in operation. This will assist those professionals in recognising the challenges faced by businesses in Australia and New Zealand when governments in South East Asian countries attempt to 'catch up' to the developed world and at the same time attempt to spread the benefits of the development to their people. The paper argues that there is an Asian Development Model and that the Indonesian mining reforms, in particular the requirement over time for 51 percent Indonesian Government ownership and the ban on the export of unprocessed resources, represent an attempt by the Indonesian State to speed up industrialisation in their country and to spread more of the benefits from mining to ordinary citizens in the recently democratised and politically decentralised country. In attempting to show strength however, the Indonesian state is exposing some weakness. The impact on jobs, revenue and production has been adverse although Foreign Direct Investment has increased. This latter may be because it is foreign multinational mining companies who are better placed than local mining enterprises to build smelters. The success of developing mining might be at the expense of local capital. In other words state inter...

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“…The loans of the ADB should also be seen in the context of East Asian development paths, which were shaped by the active role that the state played in national economic development (Castells, 1992;White and Wade, 1988). This has often been considered in direct conflict with World Bank views that emphasize the importance of the market.…”

Section: Regional Development Banksmentioning

confidence: 99%

The Promotion of Investment Alliances by the World Bank

Lethbridge

2005

Global Social Policy

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This article will examine how World Bank policies that influence national healthcare systems have been facilitated through investment alliances between members of the World Bank Group, specifically the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA), regional development banks and multinational and national company interests. The data used in this article was gathered from the information and publications available through the websites of the World Bank Group, regional development banks, multinational companies and private equity investors. Some of the loan documents available through the websites of the World Bank Group and regional development banks were consulted. The financial complexity of many of the investments in new healthcare systems provides a challenge for future regulatory systems in healthcare. The involvement of a range of private sector interests in healthcare also poses problems for continued development of health knowledge within publicly funded systems. keywords global health policy, investment alliances, privatization, World Bank A RT I C L E 203Global Social Policy

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Developmental States and Markets in East Asia: An Introduction

Cited by 67 publications

References 7 publications

The Changing Role of Government

The Changing Role of Government

The Asian Development Model and Mining Reforms in Indonesia

The Promotion of Investment Alliances by the World Bank

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