This chapter looks at policies for industrialization in developing countries, considering changes that have taken place since the Second World War, including the rise and subsequent demise of the so-called Washington Consensus approach. It discusses import substituting industrialization, export development, trade liberalization and the impact of post-2000 new WTO rules on trade-related policy measures. It shows how the East Asian model of substantial government intervention in the economy has been followed by a number of successful countries, not just Japan, Korea and Taiwan, but also China and Vietnam.
|Title of host publication||Handbook of Research on Comparative Economic Development Perspectives on Europe and the MENA Region|
|Editors||M. Mustafa Erdoğdu, Bryan Christiansen|
|Number of pages||11|
|Publication status||Published - 2016|