This text asks the question, what new directions will development take in the next century? A group of experts debated this question in 1996. Their views of the emerging consensus are presented in this collection of essays. The authors give special attention to countries in Latin America and East Asia. Analyzing growth of certain East Asian economies, they ask what can be emulated: State-engineered industrial policies? An export push? Better initial income distribution? Fiscal incentives to promote corporate growth? The region's succesful land reform efforts, or the commitment to better education? While agreeing that equity is a major determinant of economic success, they differ regarding how to achieve it.This approach is well illustrated by the story of the production of microwave ovens by the Korean company Samsung Industries, as told by ... decided to stop manufacturing microwaves itself and import the ovens under its own label instead , Samsung was a logical choice. ... The reasons for this decline must lie partially in the tighter labor market conditions and 244 PART III/CATCHING UP WITH THE WEST.
|Title||:||Economic and Social Development Into the XXI Century|
|Author||:||Inter-American Development Bank|
|Publisher||:||IDB - 1997|