New Development Strategies

1. Front Matter

   Pages i-xii

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2. New Development Strategies: Beyond the Washington Consensus

   1. New Development Strategies: Beyond the Washington Consensus

      • Akira Kohsaka

      Pages 1-10

3. Markets, Governments and Institutions

   1. Front Matter

      Pages 11-11

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   2. Development Strategies for the Twenty-First Century

      • Dani Rodrik

      Pages 13-38

   3. Re-examination of Development Policies and Strategies: Some Political Economy Lessons

      • Jeffrey B. Nugent

      Pages 39-62

   4. National Economies under Globalization: A Quest for New Development Strategies

      • Akira Kohsaka

      Pages 63-84

4. Development Strategies under Globalization

   1. Front Matter

      Pages 85-85

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   2. Globalization and Development: A Re-examination of Development Policy

      • Kaushik Basu

      Pages 87-114

   3. New Development Strategies under Globalization: Foreign Direct Investment and International Commercial Policy in Southeast Asia

      • Fukunari Kimura

      Pages 115-133

   4. Development Strategy and the Role of Government Policies: Reconsidering the East Asian Experience

      • Koichi Ohno

      Pages 134-152

5. Policy Reforms and the Asian Financial Crisis

   1. Front Matter

      Pages 153-153

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   2. Political and Institutional Lessons from the Asian Financial Crisis

      • Stephan Haggard

      Pages 155-176

   3. Re-examination of Korea’s Economic Adjustment Policies since the 1997 Crisis

      • Yoon Je Cho

      Pages 177-200

   4. The Regulator’s Dilemma: Hedge Funds in the International Financial Architecture

      • Barry Eichengreen

      Pages 201-228

6. Transition to a Market Economy

   1. Front Matter

      Pages 229-229

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   2. Market Creation in Transition Economies: Reconstruction of Production Linkages in Kazakhstan

      • Koji Nishikimi

      Pages 231-250

   3. Strategic Choices for China and Vietnam in the Twenty-First Century

      • Dwight H. Perkins

      Pages 251-271

7. Back Matter

   Pages 272-308

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This edited volume examines the flaws in the Washington Consensus. The missing link identified is the relationship between market and government. The East Asian Miracle showed that the market and government are complementary, particularly with regard to economic development. However, the nature of this relationship has not been fully clarified. This book assesses development strategies and policy issues in the context of individual and/or regional economy's history and political-economic reality. The relationship may be conditional to these two factors. With these perceptions in mind, the book focuses on the role and significance of government in economic development in pursuit for new development strategies.

• China
• development
• East Asia
• Economic Development
• foreign direct investment
• globalization
• production

• Osaka University, Japan

  Akira Kohsaka

KAUSHIK BASU C. Marks Professor of International Studies and Professor of Economics and Director, Program on Comparative Economic Development, Cornell University, USA YOON JE CHO Professor of Economics at Sogang University, Japan BARRY EICHENGREEN George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at University of California, Berkeley, USA STEPHAN HAGGARD Lawrence and Sallye Krause Professor of Korean Studies and Director of the Korea-Pacific Program at University of California, San Diego, USA FUKUNARI KIMURA Professor of Economics at Keio University, Japan KOJI NISHIKIMI Senior Research Fellow at Institute of Developing Economies, JETRO, Japan JEFFREY B. NUGENT Professor of Economics at University of Southern California, USA KOICHI OHNO Professor of Economics at Nagoya City University, Japan DWIGHT H. PERKINS Harold Hitchings Burbank Professor of Political Economy at Harvard University, USA DANI RODRIK Professor of International Political Economy at John F. Kennedy School of Government, Harvard University, USA

Policies and ethics