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Full Description
The authors of this book argue that in order to meet the challenges of globalisation and promote their own economic welfare, governments need strong policy instruments that will enable them to take up a strategic role in selected policy arenas. They illustrate how this retooling of policymaking requires a rethinking of the form of government intervention and, especially, an emphasis on its modern developmental role.The book begins with chapters exploring theoretical issues such as: economic and political aspects of the state, the impact of government expenditure, the case for and against free trade, and neoclassical and Keynesian approaches to public finance. Succeeding chapters examine fiscal policy, development problems in the European Community, and the success of Japan, South Korea, Taiwan, Singapore and Hong Kong. The final chapters present the Developmental State argument not only as a coherent theory but more importantly as a realistic development policy framework.
This will be an important reference text for students and scholars of public sector economics, public finance, East Asian studies, development studies and governance. Policymakers will also find the in-depth discussions a valuable tool.
Contents
Contents: Preface Introduction Part I: Theoretical Issues 1. Economic and Political Aspects of the State 2. The Role of the State and Government Expenditure 3. Globalisation: Problem or Solution? 4. Why Free Trade isn't Free - and Shouldn't Be 5. Public Finance and Taxation Part II: Global Experiences 6. Fiscal Policy and the Case of EC/EU 7. EC/EU Problems and Government 8. The Experience of Japan, South Korea and Taiwan in Retrospect 9. A Tale of Two City-States: Singapore and Hong Kong Part III: Modern Policy 10. The Developmental State View 11. The Developmental State and the EC/EU 12. The Relevance of the Developmental State Today Bibliography Index
