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The Role of Government in East Asian Economic DevelopmentComparative Institutional Analysis$
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Masahiko Aoki, Hyung-Ki Kim, and Masahiro Okuno-Fujiwara

Print publication date: 1998

Print ISBN-13: 9780198294917

Published to Oxford Scholarship Online: January 2007

DOI: 10.1093/acprof:oso/9780198294917.001.0001

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Sectoral Resource Transfer, Conflict, and Macrostability in Economic Development: A Comparative Analysis

Sectoral Resource Transfer, Conflict, and Macrostability in Economic Development: A Comparative Analysis

Chapter:
(p.279) 10 Sectoral Resource Transfer, Conflict, and Macrostability in Economic Development: A Comparative Analysis
Source:
The Role of Government in East Asian Economic Development
Author(s):

Juro Teranishi

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198294917.003.0010

This chapter investigates the effects of financing industrialization through policy-based mobilization of agricultural savings, based on a comparative study of less developed economics in East Asia, Latin America, and Sub-Saharan Africa. The degree of resource shift, from the rural sector through direct and indirect taxation, did not vary much across the three regions. However, there was significant difference between East Asia and the other two regions in the ways the adverse effects of resource transfer were politically compensated. In Latin America and Sub-Saharan Africa, divisible benefits (rents) were supplied by the government to win the support of particular interest groups (large landlords or tribes). In East Asia, the adverse effects were mitigated by investments in infrastructure, which enhanced the productivity of small landholding farmers.

Keywords:   financing, industrialization, agricultural savings, East Asia, Latin America, Sub-Saharan Africa, resource transfer

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