By Murat Yülek

This booklet discusses nationwide improvement making plans within the context of a globalized global economic climate. nationwide fiscal improvement making plans, the method of defining strategic financial targets for a rustic and designing guidelines and institutional frameworks to realize them, was once well known in lots of nations within the Sixties and Seventies. over the years it misplaced its attraction. extra lately, with globalization accelerating and monetary festival expanding, it's coming round again in several nations lower than varied varieties. nationwide making plans during this new period is assorted than the sooner quantitative making plans methods. It employs assorted instruments, reminiscent of strategic visions and motion plans, revived different types of actual infrastructure making plans, business coverage, and cluster coverage. outfitted at the study of overseas students with firsthand wisdom of the international locations in query, this quantity offers and evaluates present nationwide making plans thoughts and coverage around the globe. it will likely be of curiosity to either academicians who learn and educate globalization and improvement in addition to coverage makers who may possibly use it as a reference as they consider their very own strategies.

Show description

Read Online or Download Economic Planning and Industrial Policy in the Globalizing Economy: Concepts, Experience and Prospects PDF

Similar economic policy books

The Origin of Goods: Rules of Origin in Regional Trade Agreements (Centre for Economic Policy Research)

This e-book appears at principles of beginning in preferential buying and selling agreements and their growing to be significance in alternate negotiations. The book's message is that ideas of beginning can act as strong boundaries to exchange and feature been intentionally used as such.

Rich People's Movements: Grassroots Campaigns to Untax the One Percent

On tax day, April 15, 2010, millions of usa citizens took to the streets with indicators difficult reduce taxes at the richest one percentage. yet why? wealthy humans have lots of political impression. Why might they should publicly show for reduce taxes-and why could an individual who wasn't wealthy subscribe to the protest on their behalf?

Hayek’s Modern Family: Classical Liberalism and the Evolution of Social Institutions

Students in the Hayekian-Austrian culture of classical liberalism have performed almost no paintings at the relatives as an monetary and social establishment. additionally, there's a actual paucity of scholarship at the position of the relations inside of classical liberal and libertarian political philosophy. Hayek's smooth relatives deals a classical liberal idea of the kin, taking Hayekian social conception because the major analytical framework.

Additional resources for Economic Planning and Industrial Policy in the Globalizing Economy: Concepts, Experience and Prospects

Example text

In retrospect, there are various ways to adapt taxonomies to economic planning. One simple taxonomy could be based on time frames. Planning is basically a long-term concept, and, various planning time frames have been adopted in practice. The terms of plans have generally been either 5 or 10 years. 46 For example, Dutch long-term planning in the 1950s dealt with the question of design and application of economic policy to achieve higher growth rates and employment. 47 A more substantive taxonomy can be drawn based on coverage, the stakeholders involved in the preparation of the economic plan and the plan’s coercive powers.

In all these countries, economic planning and the planning agency played a key role in the process. Chang (1999), disputes what Johnson (1982) argued, stating that the USA enjoyed a developmental state in the eighteenth century based on the pro-industrialization ideas promoted by Hamilton (1791). A final justification for planning that has been discussed in the literature is based on sustainability concerns. Sternberg (1993, pp. 107−108) criticizes modern microeconomics as “commoditizing” human labor and human beings by modeling consumers “universally behaving according to an innate calculus of gain and loss” and that “unchecked” market forces would lead to a degradation of environment and social structure.

17).  24). 37 See McArthur and Scott (1969), Estrin and Holmes (1990). 34 35 12 M. Yülek One could argue that because of such difficulties in assessing the performance of economic planning, a significant part of the debate surrounding it has been on theoretical, philosophical or political dimensions. The main axis of debate has been the “state versus free markets” argument. Could state intervention achieve a better outcome than no intervention? 38 That line of thought argued against the viability of socialist planning based on its overruling of price signals.

Download PDF sample

Rated 4.03 of 5 – based on 33 votes