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Dictators, Democrats, and Development in Southeast Asia
Implications for the Rest
By: Michael T. Rock
Hardcover | 8 December 2016
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The focus is on IMT because circa 1960 few thought the three were candidates for high growth and because the three have factor endowments, ethnic heterogeneity, and forms of governance that resemble the Rest. These similarities suggest the Rest may have much to learn from IMT. The focus is unabashedly on the politics of development in IMT because dictators and democrats in IMT built and sustained pro-growth political coalitions that enabled them to link their long term political survival with delivering development. How and why they did so should be of keen interest to the Rest.
Because dictators and democrats in IMT were committed to capitalist, industrial and open economy development strategies but deeply suspicious of a laissez faire approach to development, none of the three ever adopted a Washington Consensus style growth strategy. While all three toyed with a Northeast style capitalist developmental state approach to growth, because governments in IMT lacked the political requisites to make this strategy work, none really stuck to this approach to growth either.
Instead dictators and democrats in IMT implemented highly pragmatic growth and development strategies. When markets worked, governments used them. When interventions worked governments relied on them. When either failed to deliver expected results, governments weeded out bad investments to sustain high growth. Such a pragmatic, trial and error approach to development should also be of keen interest to the Rest.
Industry Reviews
ISBN: 9780190619862
ISBN-10: 0190619864
Published: 8th December 2016
Format: Hardcover
Language: English
Number of Pages: 352
Audience: Professional and Scholarly
Publisher: Oxford University Press USA
Country of Publication: GB
Dimensions (cm): 16.6 x 24.2 x 3.4
Weight (kg): 0.64
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This product is categorised by
- Non-FictionEconomicsInternational Economics
- Non-FictionEconomicsDevelopment Economics & Emerging Economies
- Non-FictionPolitics & GovernmentInternational Relations
- Non-FictionPolitics & GovernmentPolitical Structure & ProcessesPolitical Structures & Totalitarianism & Dictatorship
- Non-FictionEconomicsEconomic Growth
- Non-FictionEconomicsPolitical Economy