MPDD Working Paper (WP/13/01) Policies for structural transformation: An analysis of the Asia-Pacific experience

MPDD Working Paper (WP/13/01) Policies for structural transformation: An analysis of the Asia-Pacific experience

Date: 
Tuesday, April 30, 2013
Type: 
Working paper series
Abstract

Remarkable growth and structural transformation in a number of developing Asian countries in
the period after World War II have earned them the reputation for being “models” of successful
development. Among the factors that contributed to their success were macroeconomic and
regulatory policies that permitted them to finance that transformation without experiencing high
inflation or balance of payments difficulties and ensure that growth was accompanied by human
development advance. This article identifies a set of key policies that contributed to that
success, examines the ways in which they did so, and assesses the degree to which they can
inform policy in other Asian contexts in a period when much has changed in the national and
international economic environment.

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