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The art of economic development: markets, politics, and externalities

Published online by Cambridge University Press:  22 May 2009

Wing Thye Woo
Wing Thye Woo
Affiliation:
Assistant Professor of Economics and Head of the Pacific Rim Studies Program at the University of California, Davis.
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Type
Review essay
Information
International Organization , Volume 44 , Issue 3 , Summer 1990 , pp. 403 - 429
Copyright
Copyright © The IO Foundation 1990

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References

I am grateful to Edward Chen, Max Corden, Sebastian Edwards, Anne Hay, Albert Hirschman, Lovell Jarvis, Chalmers Johnson, Moshe Justman, Stephen Krasner, Anne Krueger, Ian Little, Jeffrey Sachs, Steven Sheffrin, Jennie Woo, and two anonymous referees for valuable comments on early drafts of this article. I remain indebted as always to the late Professor George Andrews Hay for intellectual mentorship on development issues. I thank Wen Hai and Hong Yi Li for excellent research assistance.

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51. Ibid.

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57. Ibid.

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60. This implies that the constraints are not binding.

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76. The slope of the balanced growth path is known as the steady-state growth rate, and it equals the sum of the population growth rate and the rate of technical innovation. The trade regime can affect the slope only if it affects either of these two rates.