Development strategy, viability, and economic distortions in developing countries

Development strategy, viability, and economic distortions in developing countries by Justin Yifu Lin Download PDF EPUB FB2

This paper presents a three-sector static model to explore the rationale for a series of institutional distortions in developing countries. The authors argue that, after World War II, motivated by a belief in the development of state-of-the-art industries as a and economic distortions in developing countries book for nation building, the majority of developing country governments attempted to accelerate the growth of advanced capital.

Development Strategy, Viability, and Economic Distortions in Developing Countries Justin Yifu Lin Feiyue Li Key words: viability, development strategy, endowment structure, institutions, taxation, regulation JEL classification: D02, O17, O20, P Justin Yifu Lin is with the Word Bank.

Feiyue Li is with the China Center for Economic Research. 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 by: Downloadable. This paper presents a three-sector static model to explore the rationale for a series of institutional distortions in developing countries.

The authors argue that, after World War II, motivated by a belief in the development of state-of-the-art industries as a means for nation building, the majority of developing country governments attempted to accelerate the growth of advanced.

Development Strategy, Viability, and Economic Distortions in Developing Countries World Bank Policy Research Working Paper No. 26 Pages Posted: 20 Apr Cited by: Development strategy, viability, and economic viability in developing countries Article (PDF Available) January with 98 Reads How we measure 'reads'.

Development Strategy, Viability, and Economic Convergence Through distortions it is possible to establish capital-intensive industries in developing countries.

However, the economy becomes very inefficient due to misallocation of resources, rampant rent seeking, macro instability. 2 The development strategy is exogenously determined by political consideration.

In fact, in addition to China and socialist countries, many non-socialist developing nations, notably those in South Asia and Latin America, made similar choices, and their economic systems had many features in common with the Chinese system.

The China miracle is the result of China’s having chosen the right development strategy—that is, pursuing the economy’s comparative advantage and abandoning the ‘‘heavy-industry-oriented. Economic Growth in Developing Countries: The Role of Human Capital Eric Hanushek Stanford University The role of improved schooling has been a central part of the development strategies of most countries and of international organizations, and the data show significant improvements in school attainment across the developing world in recent decades.

Development strategy, viability, and economic distortions in developing countries Policy Research Working Paper Series, The World Bank View citations (2) Industrial structure, appropriate technology and economic growth in less developed countries Policy Research Working Paper Series, The World Bank View citations (1).

A Purview on Economic Growth Strategies for Developing Countries A developing country is one where the per capita income is low relative to that of fully developed countries. In human terms developing countries typically have major population percentage with poor health, low levels of literacy, inadequate dwellings and meager diets.

Your next book is The Strategy of Economic Development by Albert Hirschman. With this book we are now skipping almost years to the middle of the s. Albert Hirschman is a European intellectual who migrated to the United States.

This book was written after his wide experience in Latin American policy-making for economic development. " Development strategy, viability, and economic distortions in developing countries," Policy Research Working Paper SeriesThe World Bank. Lin, Justin Yifu & Sun, Xifang & Jiang, Ye, " Toward a theory of optimal financial structure," Policy Research Working Paper SeriesThe World Bank.

Justin Yifu Lin & Miaojie Yu,   Development Strategy, Viability, and Economic Distortions in Developing Countries By Justin Y.

Lin and Feiyue Li. Abstract. In recent years, many economists believe that least developed countries (LDCs) failed to catch up with the developed countries because of bad institutions with weak protection for property rights and ineffective constraints on power holders (Acemoglu et al.

).At the same time, how to understand government behaviour becomes the most important issue for research on institutions. L LEARNING OBJECTIVES 1 Describe the extent of world income inequality.

2 Explain some of the main challenges facing developing countries. 3 Define the view of development known as the “Washington Consensus.” 4 Outline the current debates about development policies. CHAPTER 36W Challenges Facing the Developing Countries In the comfortable urban life of today’s developed countries, most.

An obvious reason for why developing countries need to plan their development is the recognition that, under the then existing historical conditions, development would not take place automatically.

Under such understanding the essential of planning economic development is in “ assuring an amount of productive investment which is. Development Strategy, Viability and Economic Institutions: Case of China Patterns of Rent-Extraction and Deployment in Developing Countries; Part VII: Development Strategies 'Contains excellent essays on the dynamics of economic development The vastness of this book's coverage makes it impossible to do justice to its contents.

To implement their development strategy, many socialist and nonsocialist developing countries introduced distortions and government interventions like those in China.

7 This strategy made it possible to establish some modern industries and achieve investment-led growth for one or two decades in the s to the s. Nevertheless, the. Sell, buy or rent Economic Development and Transition: Thought, Strategy, and Viabilitywe buy used or new for best buyback price with FREE shipping and offer great deals for buyers.Get this from a library!

Economic development and transition: thought, strategy, and viability. [Justin Yifu Lin] -- "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. Ecotourism is a sub-component of the field of sustainable tourism. Ecotourism’s perceived potential as an effective tool for sustainable development is the main reason why developing countries are now embracing it and including it in their economic development and conservation strategies.