For more information, visit the cookies page. Government activities and autonomous factors were inextricably intertwined. Pragmatism is a virtue usually associated with Americans, but Japan, and in its wake, the NIEs, practice pragmatism in their economic decisions. I will attempt such a compilation, although a very summary one, presently. Institute of International Relations, , pp. Latin America, if it wishes to emulate the "four Asian tigers" must strive to rid itself of the excessive practice of doctrines received, during its post-Columbian history, from Europe, from Spanish absolutism, over the liberal revolution, untrammelled capitalism, and quasi-feudal oligarchy, to the Marxist revolution. You can help adding them by using this form. The political culture in question is no doubt distinguished by three features:. These categories should be as close to generally used economic and legal theory as possible. The model of action of newly industrialised economies is the same.
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The Sources of Economic Growth of the East Asian Newly Industrialized Countries
This is true both for developing and so-called "mature" economies. Thanks to their relatively small size and the corporatist virtue of their economies, the governments of Korea, Singapore, and Taiwan could easily manage a similar system. Theory, History, Policy New Yor There is, of course, interaction between structure and action. Keynesian policy incentives, subsidies, tax breaks, and the like occur everywhere and are signals to the beneficiaries about how they should behave. The model of action of newly industrialised economies is the same. There is a clear distinction between these countries and the countries now considered NICs.
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Newly industrialized country
Pragmatism appears to be the therapy Deng and Gorbachev are trying to administer to the two great ailing economies of the communist world, though with different results, and all of a sudden, Marxist revolutionaries and conservative doctrinarians alike are deprived of their enemies. Sharpe, , p. By country future estimates per capita per capita per hour worked per person employed. Since such culturally determined structures cannot be transplanted elsewhere, the economic policies that come along with them, as it were, cannot be emulated by policy-makers of other societies, is then the more or less implicit assumption. The recognition of uncertainty is as important to pragmatism as it is to critical rationalism. Thus, while political freedom in China remains limited, the average Chinese citizen enjoys a higher standard of living than his or her counterpart in India. Cambridge University Press, , pp. If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. Long-term development of the supply side was in the center of the preoccupations of the policy-makers from the end of the war until today.
Description:Their success is thus largely derived from participation in the world economy rather than from decoupling. Please note that corrections may take a couple of weeks to filter through the various RePEc services. But in fact, it is less ambitious and conforms better to the scientific standard of critical rationalism than monocausal explanations in terms of only one of the disciplines it covers. In the Gerschenkron approach, it is the one of the Four that comes closest to the Japanese model. On average, all sectors of their societies have greatly benefited from that adaptive performance. Asian policy-makers have applied more thoroughly than their American colleagues an American philosophy, the philosophy of pragmatism.
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