ISBN-13: 9780415156394 / Angielski / Twarda / 1998 / 346 str.
Japan - a major provider of development aid - is challenging conventional wisdom in economic development. This text is a systematic exposition of the Japanese approach to economic development. Development economists who shape Japan's economic aid policy are assembled in this one volume. Japanese economists generally believe that long-term vision and phased real sector strategies are lacking in the policy recommendations of the World Bank and International Monetary Fund. They argue that development of a market economy requires many conditions which do not automatically arise by hands off economic policy; these conditions must be built by conscious efforts of the government with international help. Therefore, to promote a market economy, development economists should design comprehensive and long term development strategy tailored to the realities of each country.