Econ11.1.10

Econ11.1.10 - Assignment 9 Hk/S MITI A Japan 1 Contrast...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Assignment 9 Hk/S MITI A. Japan 1. Contrast Flath’s rationales for industrial policy with those of Rodrik. 2. Could Japan’s practice of industrial targeting in 1953-74 also have been applied (separately) by individual cities in Japan? Why or why not? (Think objectives/rationales and measures.) 3. In how far may the digital revolution make enterprise groups and keiretsu in Japan increasingly redundant? 4. If MITI were a success, then what do you think are the most important (say, three) characteristics that make it a success (success in what respect?)? B. Political dictatorship and economic development: lessons of East Asia 1. What is the impact of political dictatorship on economic development? (Explore different possible channels and try to support them with your knowledge of East Asia so far.) 2. Evaluate if the impact of political dictatorship on economic development is positive or negative. 3. In conclusion, do you think political dictatorship is desirable for a country at an early stage of economic development? 1.Industrial policy rationales Rodrik: Information and coordination externalities: cost discovery. Looks specifically at cost discovery. Flath: Marshalian externalities: private entrepreneurs will internalize them, no overlap between the two. Does not look at information and coordination externalities. 2.Forex rationing, FILP, Tax rebates/subsidies, relax monopoly/cartel policy.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/06/2011 for the course ECON 343 taught by Professor Miyao during the Fall '08 term at USC.

Page1 / 4

Econ11.1.10 - Assignment 9 Hk/S MITI A Japan 1 Contrast...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online