Trade, industrialisation, and the visible hand
质疑新古典经济学对出口导向工业化战略的论证，指出其政策建议背后的分析模型存在问题，并提出了替代性的政治经济学框架，以韩国和台湾为例说明需要进一步研究的方向。
The paper examines the neo‐classical case for the export‐orientated industrialisation strategy, questioning not only its representation of what has occurred in the Newly Industrialising Countries, but also raising some doubts about the validity of the analytical model which is implicit in its policy prescriptions. An alternative analytical framework and political economy model is then sketched out. The experience of South Korea and Taiwan is used for illustrative purposes, highlighting areas where further conceptual and empirical analysis is required to give a fully‐blown alternative story. An appendix offers a brief summary and critique of some recent neo‐classical work on the relationship between price distortion and growth.