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Pathways to Industrialization in the Twenty-First CenturyNew Challenges and Emerging Paradigms$
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Adam Szirmai, Wim Naudé, and Ludovico Alcorta

Print publication date: 2013

Print ISBN-13: 9780199667857

Published to Oxford Scholarship Online: May 2013

DOI: 10.1093/acprof:oso/9780199667857.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 21 October 2019

Learning from Asia’s Success: Beyond Simplistic ‘Lesson-Making’

Learning from Asia’s Success: Beyond Simplistic ‘Lesson-Making’

Chapter:
(p.131) 5 Learning from Asia’s Success: Beyond Simplistic ‘Lesson-Making’
Source:
Pathways to Industrialization in the Twenty-First Century
Author(s):

Mike Hobday

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199667857.003.0005

Many governments, international organizations, consultancy companies, and academic observers look to Asia’s economic success, recommending that other developing countries follow similar models and paths of development. Indeed, generating lessons from Asia is quite an industry—and a major contributor to the Washington Consensus analysis of the 1990s and early 2000s. However, Asian ‘lesson-making’ usually represents a grave error in policy-thinking and in the historical understanding of the nature and process of development. This chapter examines the paths of successful growth of East and South East Asia, to identify what we can and cannot learn from the Asian experience. The chapter argues that there are no models to imitate and no direct lessons for other developing countries in other regions. It asks the question: if there are no direct lessons or models to imitate, what can other developing countries learn from Asia’s success, if anything?

Keywords:   economic success, developing countries, washington consensus, policy, Asia, economic models

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