Since its inauguration in May , the Modi government has announced an endless list of flagship projects: North argues that competition is a key force driving adaptive efficiency among institutions. Poor quality policy loans extended by domestic banks to poorly performing firms are still a concern. Rather, it is the conflict between these practices and traditional or domestic social relations and practices that entrench vested interests opposed to change. An examination of transaction costs in global and domestic supply chains would reveal the extent to which rent-seeking activities and policy distortions deter the emergence of competitive markets.
The East Asian miracle revisited
Can it deliver on the necessary reforms? It has the population and the potential. The Modi government is well aware of the importance of foreign capital and technology in carrying out its announced plans and has reached out to foreign investors accordingly. With the exception of Hong Kong, government intervention has played an important role in East Asian economies. More recently, preferential treatment has been given to more medium and small-sized firms, particularly in the electronics sector. Access supplemental materials and multimedia.
[The East Asian Miracle: Four Lessons for Development Policy]: Comment on JSTOR
If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form. Economic growth and public policy. Classical, Early, and Medieval Plays and Playwrights: Initially, the intention of this book's work, was to take a fresh look at East Asia's regional experience during the s, and to expand, and revise as necessary the findings of the World Bank's "East Asian Miracle", published in The World Bank research observer. Industry and trade in some developing countries. An East Asian renaissance:
The end of a historic election also marks the start of a period of uncertainty for the country. The East Asian Miracle: North argues that competition is a key force driving adaptive efficiency among institutions. What went wrong and what can be done? Who will pay the economic price? Stability and predictability of policies was an overriding objective of policymakers, who refrained from making big promises.