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...
Japan - a major provider of development aid - is challenging conventional wisdom in economic development. This text is a systematic exposition of the ...
The West and the East approach economic development differently. The Europeans and Americans stress free and fair business climate, promoting private activities generally without picking winners, and improving governance. East Asia is interested in achieving concrete results and projects rather than formal correctness, prioritizing a few sectors for industrialization, and eventual graduation from aid. The West mostly shapes shifting strategies of the international donor community while the East has in reality made remarkable progress in industrial catch-up. The two approaches cannot be...
The West and the East approach economic development differently. The Europeans and Americans stress free and fair business climate, promoting priva...
