Taiwan’s Development Experience: Lessons on Roles of Government and Market

1. Front Matter

   Pages i-x

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2. Introduction

   1. Front Matter

      Pages 1-1

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   2. Overview: The Lessons from Taiwan: Relevance, Limitations and Transferability

      • Erik Thorbecke, Henry Wan

      Pages 3-20

   3. The “Miracle” that did Happen: Understanding East Asia in Comparative Perspective

      • Jagdish Bhagwati

      Pages 21-39

3. Key Macro Policies and Reforms in Taiwan’s Development

   1. Front Matter

      Pages 41-41

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   2. Government Policy in the Taiwanese Development Process: The Past 50 Years

      • Shirley W. Y. Kuo

      Pages 43-93

   3. Taiwan’s Industrialization Policies: Two Views, Two Types of Subsidy

      • Alice H. Amsden

      Pages 95-111

   4. The Trade-Growth Nexus in Taiwan’s Development

      • Gustav Ranis

      Pages 113-140

   5. A Balanced Budget, Stable Prices and Full Employment: The Macroeconomic Environment for Taiwan’s Growth

      • Tzong-shian Yu

      Pages 141-155

   6. Comparative Advantage Development Strategy and the Economic Development of Taiwan

      • Justin Yifu Lin

      Pages 157-162

4. The Liu-Tsiang Policy Proposals

   1. Front Matter

      Pages 163-163

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   2. The Liu-Tsiang Proposals for Economic Reform in Taiwan: A Retrospective

      • Jia-Dong Shea

      Pages 165-175

   3. Liberalization Promotes Development: Evidence from Taiwan

      • John C. H. Fei, Yun-Peng Chu

      Pages 177-204

5. The Role of Agriculture, Industrial Policy, Human Capital and Labor Institutions in Taiwan’s Development

   1. Front Matter

      Pages 205-205

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   2. Agriculture as the Foundation for Development: The Taiwanese Story

      • Tsu-tan Fu, Shun-yi Shei

      Pages 207-230

   3. The Role of Industrial Policy in Taiwan’s Development

      • Pochih Chen

      Pages 231-248

   4. Human Capital Creation and Utilization in Taiwan

      • Grace Ren-juei Tsiang

      Pages 249-267

   5. The Labor Market in Taiwan: Manpower, Earnings, and Market Institutions

      • Walter Galenson

      Pages 269-285

6. Relevance of the Taiwanese Experience to Other Third World Regions

   1. Front Matter

      Pages 287-287

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   2. State and Market in the Economic Development of Korea and Taiwan

      • Irma Adelman

      Pages 289-326

Taiwan's Development Experience: Lessons on Roles of Government and Market scrutinizes the main features of the Taiwanese development experience under five interrelated themes and domains:

• Outward-orientation vs. inward-orientation;
• Sources of growth;
• Dynamic balanced growth process: the interaction between agricultural and non-agricultural sectors;
• The role of government in the transition to a more market-oriented economy; and
• The potential transferability of the Taiwanese development experience to developing countries.

In addition to highlighting the essential contributions of papers, the Editors also bring out the views and contributions, under each of the above headings, of two distinguished former Cornell University colleagues who are honored at the sponsoring conference - T.C. Liu and S.C. Tsiang.

• Agricultural Sector
• Developing Countries
• East Asia
• Economic Development
• growth

`...ambitious and comprehensive volume... excellent introduction by the editors. Whether your area of interest is Asian development, the role of government in development, the Asian crisis, or Taiwan's economic history, this volume will provide important new information and challenge you to reexamine your existing beliefs.' Journal of Economic Literature, XXXVIII (2000)

• Cornell University, USA

  Erik Thorbecke, Henry Wan

Policies and ethics