Jump to ContentJump to Main Navigation
The Role of Government in East Asian Economic DevelopmentComparative Institutional Analysis$
Users without a subscription are not able to see the full content.

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

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in OSO for personal use (for details see www.oxfordscholarship.com/page/privacy-policy).date: 19 May 2019

Economic Development as Coordination Problems

Economic Development as Coordination Problems

Chapter:
(p.134) 5 Economic Development as Coordination Problems
Source:
The Role of Government in East Asian Economic Development
Author(s):

Kiminori Matsuyama

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198294917.003.0005

This chapter discusses the fundamental difficulty of coordination problems in the context of economic development. It argues that coordination failure arises because no one can know the exact nature of the problem being solved. Because of this lack of knowledge, the logic of coordination failures does not justify centralized policy activities. The greatest threat posed by centralized coordination is interfering with private experiments to discover an even better way of coordination.

Keywords:   coordination failures, government policy, economics, centralized policy

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .