Taiwan’s Development Experience: Lessons On Roles Of Government And Market

__Taiwan's Development Experience: Lessons on Roles of Government and____Market__ scrutinizes the main features of the Taiwanese development experience under five interrelated themes and domains: * Outward-orientation vs. inward-orientation; * Sources of growth; * Dynamic balanced growth process: the interaction between agricultural and non-agricultural sectors; * The role of government in the transition to a more market-oriented economy; and * The potential transferability of the Taiwanese development experience to developing countries. In addition to highlighting the essential contributions of papers, the Editors also bring out the views and contributions, under each of the above headings, of two distinguished former Cornell University colleagues who are honored at the sponsoring conference - T.C. Liu and S.C. Tsiang. Front Matter....Pages i-x Front Matter....Pages 1-1 Overview: The Lessons from Taiwan: Relevance, Limitations and Transferability....Pages 3-20 The “Miracle” that did Happen: Understanding East Asia in Comparative Perspective....Pages 21-39 Front Matter....Pages 41-41 Government Policy in the Taiwanese Development Process: The Past 50 Years....Pages 43-93 Taiwan’s Industrialization Policies: Two Views, Two Types of Subsidy....Pages 95-111 The Trade-Growth Nexus in Taiwan’s Development....Pages 113-140 A Balanced Budget, Stable Prices and Full Employment: The Macroeconomic Environment for Taiwan’s Growth....Pages 141-155 Comparative Advantage Development Strategy and the Economic Development of Taiwan....Pages 157-162 Front Matter....Pages 163-163 The Liu-Tsiang Proposals for Economic Reform in Taiwan: A Retrospective....Pages 165-175 Liberalization Promotes Development: Evidence from Taiwan....Pages 177-204 Front Matter....Pages 205-205 Agriculture as the Foundation for Development: The Taiwanese Story....Pages 207-230 The Role of Industrial Policy in Taiwan’s Development....Pages 231-248 Human Capital Creation and Utilization in Taiwan....Pages 249-267 The Labor Market in Taiwan: Manpower, Earnings, and Market Institutions....Pages 269-285 Front Matter....Pages 287-287 State and Market in the Economic Development of Korea and Taiwan....Pages 289-326 Latin America and East Asia: Revisiting the Evidence....Pages 327-364 What can Sub-Saharan Africa Learn from the Taiwanese Development Experience?....Pages 365-382 The Relevance and Comparability of Taiwan’s Development Experience to Indonesia....Pages 383-408 Front Matter....Pages 409-409 Some Further Thoughts on Taiwan’s Development Prior to the Asian Financial Crisis and Concluding Remarks....Pages 411-431 Epilogue: How did Taiwan Withstand the Asian Financial Crisis?....Pages 433-445 Back Matter....Pages 447-454 Taiwan's Development Experience: Lessons on Roles of Government and Market scrutinizes the main features of the Taiwanese development experience under five interrelated thems and domains: 1) Outward-orientation vs. Inward-orientation; 2) Sources of growth; 3) Dynamic balanced growth process: the interaction between agricultural and non-agricultural sectors; 4) The role of government in the transition to a more market-oriented economy; and 5) The potential transferability of the Taiwanese development experience to developing countries. In addition to highlighting the essential contributions of papers, the Editors also bring out the views and contributions, whenever relevant, of two distinguished former Cornell University colleagues who are honored at the sponsoring conference - T.C. Liu and S.C. Tsiang - under each of the above headings. Taiwan's Development Experience: Lessons on Roles of Government and Market scrutinizes the main features of the Taiwanese development experience under five interrelated themes and domains: Outward-orientation vs. inward-orientation; Sources of growth; Dynamic balanced growth process: the interaction between agricultural and non-agricultural sectors; The role of government in the transition to a more market-oriented economy; and The potential transferability of the Taiwanese development experience to developing countries. In addition to highlighting the essential contributions of papers, the Editors also bring out the views and contributions, under each of the above headings, of two distinguished former Cornell University colleagues who are honored at the sponsoring conference - T.C. Liu and S.C. Tsiang.