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IntroductionVI

作者:林毅夫   出版社:未知  和讯读书
  Upgrading the industrial structure as well as the corresponding improvement

  in infrastructure, however, entails coordination of investments and

  compensation for externalities generated by fi rst movers that cannot be

  internalized by private enterprises. Without this coordination and compensation,

  the process of economic development will slow. The government

  should therefore play an active role in facilitating structural change

  through mitigating the coordination and externality problem.

  Chapter I reviews the evolution of development thinking and presents

  the main arguments and extensions of New Structural Economics. This

  chapter also includes insightful comments on the framework from my colleagues

  Anne Krueger, Dani Rodrik, and Joseph Stiglitz and my rejoinder

  to their comments.

  Chapter II shows how the New Structural Economics complements previous

  thinking on development and growth. It compares the predictions

  derived from the New Structural Economics with the stylized facts of successful

  countries identifi ed by the Growth Report issued in 2008 by the

  Commission on Growth and Development and discusses the policy lessons

  that can be drawn from the New Structural Economics. The principle of

  comparative advantage and the role of the state in facilitating structural

  transformation, which are key aspects of the framework, are further discussed

  in a subsequent debate between Ha-Joon Chang and myself.

  The Growth Identifi cation and Facilitation framework (GIFF), which

  lays out a step-by-step approach for policy makers to facilitate structural

  change based on the framework of the New Structural Economics, is

  presented in chapter III. It guides policy makers on how to identify new

  industries consistent with a country’s latent comparative advantage. It

  also presents information, coordination, and externality issues intrinsic

  to industrial upgrading and discusses government policies that can help

  overcome these constraints. Explaining why industrial policy has often

  failed in the past, the chapter also warns against government policies that

  are aimed at protecting selected fi rms and industries that defy a country’s

  comparative advantage. Dirk Willem te Velde, Suresh Tendulkar,

  Alice Amsen, K. Y. Amoako, Howard Pack, and Wonhyuk Lim provide

  thought-provoking comments on the approach. The chapter concludes

  with a rejoinder.

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