The World Bank’s East Asian Miracle : Too Much a Product of Its Time?
回顾了世界银行1993年关于东亚奇迹的报告，质疑其将快速增长归因于市场基本面和出口推动、否定产业政策的观点，并探讨在当今治理条件下产业政策是否仍能促进发展。
The 1993 publication of a World Bank book on the East Asian Miracle explained the extraordinarily rapid growth of Japan and seven other economies of East Asia (at 5 percent a year) between 1965 and 1990 as grounded in those economies’ adherence to market “fundamentals”—sound macro management, “shared” growth policies, investment in human capital—combined with an “export push” which fostered the technological learning that drove those countries’ high total factor productivity growth. The Bank authors dismissed “industrial policy” as central to their growth and cautioned against other developing countries adopting industrial policy in the absence of strong government institutions. Was the book too much a product of its post-Soviet, neoliberal era? Considering what we know now about the state of governance in developing countries, might industrial policy help boost growth in at least some developing countries?