Routledge Southeast Asia's Misunderstood Miracle: Industrial Policy And Economic Development In Thailand, Malaysia And Indonesia

Product Description "The debate on the major factors contributing to Southeast Asian industrialization continues unabated. As might be expected, there is much at stake in this debate. The debate is largely ideological in nature and partly centers on the role and contribution of state interventions and other institutions in market processes in the context of late industrialization. At the risk of caricaturing the debate, on the one hand, one finds the dominant and more influential position held by those who blame the state for all that has gone wrong and credit the market for all that has turned out right; on the other hand, the minority statist extreme position basically credits most major economic achievements in East Asia to appropriate interventions by developmentalist states. While very few people would actually fully identify with either of these caricatured extremes, much of the discussion actually gravitates around either of these poles. " About the Author K. S. Jomo is a professor in applied economics at University of Malaya. He has written over 35 monographs, edited over 45 books and translated 11 volumes besides writing many academic papers and articles for the media. He is on the editorial boards of several learned journals.