|Public Disclosure Authorized
Document 61894 - July 2011
Annual World Bank Conference on Development Economics - Global 2010
Edited by Justin Yifu Lin and Boris Pleskovic
The World Bank - Washington, D.C.
from East Asia and the Global Financial Crisis
0 Cover -
Contents - About this book
Yifu Lin and Boris Pleskovic
from the Past to Reinvent the Future
Justin Yifu Lin
4 The Global
Financial Crisis: Causes and Policy Responses
Prospects in Light of the Global Financial Crisis
Anne O. Krueger
6 The Global
Crisis: Is It Over Yet?
Industrial Policy and Development
Policy and Development: A Political Economy Perspective
James A. Robinson
Policy: Can We Go Beyond an Unproductive Confrontation?
This paper attempts to go beyond what the author sees as an unproductive confrontation
between the proponents and the opponents of industrial policy and to take
the debate on industrial policy forward. After discussing some issues related to conceptualizing
and assessing industrial policy, the paper discusses most (although not all)
of the key issues emerging from the industrial policy debate. They include the wisdom
or otherwise of targeting, the feasibility of the state “beating the market,” political
economy questions, bureaucratic capabilities, performance measurement (especially
export targets), the importance of export-related industrial policy, and the implications
of changing global policy environment.
TABLE 2. Historical Rates of Economic Growth by Major Regions during and after
the Age of Imperialism, 1820–1950
(annual per capita GDP growth rate, %)
Source: Maddison 2001,"The World Economy: A Millennial Perspective". Paris: OECD. 126, table 3-1a.
|Western offshoots a.
|Asia excluding Japan
|Eastern Europe and the former Soviet Union
a. Australia, Canada, New Zealand, and the United States.
Social Capital, Institutions, and Development
11 A Matter of
Trust: Social Capital and Economic Development
Social Capital, “Social” Networks, and Their Linkages to Economic Game
Financial Crisis and Regulation
14 Reform of
the Global Regulatory System: Perspectives of East Asia’s Emerging Economies
Yung Chul Park
Crisis and the Paradox of Underregulation and Overregulation
The Road Ahead to a Sustainable Global Economic System
from the Recent Financial Crisis for Reforming National and International Financial Systems: The
Road Ahead to a Sustainable Global Economic System
Yoon Je Cho
Sustainable Global Economic System after the “Great Recession”? Some Lessons from History
Innovation and Competition
and Financial Globalization
Philip R. Lane
Competitiveness, and Growth: Korean Experiences
Gelb and Shahrokh Fardoust