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Governing the market: economic theory and the role of government in East Asian industrialization

Wade, Robert Hunter (2003) Governing the market: economic theory and the role of government in East Asian industrialization. Princeton University Press, New Jersey, USA. ISBN 9780691117294

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Published originally in 1990 to critical acclaim, Robert Wade's Governing the Market quickly established itself as a standard in contemporary political economy. In it, Wade challenged claims both of those who saw the East Asian story as a vindication of free market principles and of those who attributed the success of Taiwan and other countries to government intervention. Instead, Wade turned attention to the way allocation decisions were divided between markets and public administration and the synergy between them. Now, in a new introduction to this paperback edition, Wade reviews the debate about industrial policy in East and Southeast Asia and chronicles the changing fortunes of these economies over the 1990s. He extends the original argument to explain the boom of the first half of the decade and the crash of the second, stressing the links between corporations, banks, governments, international capital markets, and the International Monetary Fund. From this, Wade goes on to outline a new agenda for national and international development policy.

Item Type: Book
Official URL:
Additional Information: © 2003 Princeton University Press
Divisions: International Development
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor
J Political Science > JC Political theory
J Political Science > JQ Political institutions Asia
JEL classification: L - Industrial Organization > L5 - Regulation and Industrial Policy > L50 - General
Date Deposited: 06 Feb 2012 09:15
Last Modified: 02 Sep 2021 23:05

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