Governing the Market

Published originally in 1990 to critical acclaim, Robert Wade's "Governing the Market" quickly established itself as a standard in contemporary political economy. In it, Wade challenged claims both of those who saw the East Asian story as a vindication of free market principles and of those who attributed the success of Taiwan and other countries to government intervention. Instead, Wade turned attention to the way allocation decisions were divided between markets and public administration and the synergy between them. Now, in a new introduction to this paperback edition, Wade reviews the debate about industrial policy in East and Southeast Asia and chronicles the changing fortunes of these economies over the 1990s. He extends the original argument to explain the boom of the first half of the decade and the crash of the second, stressing the links between corporations, banks, governments, international capital markets, and the International Monetary Fund. From this, Wade goes on to outline a new agenda for national and international development policy.

ISBN 0691117292   Pages 492 ISBN13 9780691117294 (What's this?)   Volumes 1 Publisher Princeton University Press   Weight (grammes) 714 Imprint Princeton University Press   Published in New Jersey Format Paperback   Height (mm) 229 Publication date 10 Nov 2003   Width (mm) 152 Library of Congress 2003056473   Spine width (mm) 25 DEWEY 338.95   Academic level Professional / Scholarly, Tertiary education DEWEY edition DC22

		List of Figures
		List of Tables
		Introduction to the 2003 Paperback Edition
		Acknowledgments
		Introduction		3
Ch. 1		States, Markets, and Industrial Policy		8
Ch. 2		The Rise of East Asia		34
Ch. 3		The Neoclassical Explanation		52
Ch. 4		State-led Industrialization, 1930s to 1980s		73
Ch. 5		Management of Foreign Trade and Investment		113
Ch. 6		Management of Domestic Investment		159
Ch. 7		The Economic Bureaucracy		195
Ch. 8		The Political System		228
Ch. 9		Politics of Investment and Industrial Policy		256
Ch. 10		Conclusions (1): Governing the Market in East Asia		297
Ch. 11		Conclusions (2): Lessons from East Asia		345
App. A		Fiscal Incentives		383
App. B		Politics of the 1958-62 Economic Reforms		387
		References		395
		Index		425

[This] study by Robert Wade is one of only a handful that describes how economic policy in East Asia has actually worked... A superb book... Governing the Market demystifies East Asia's miracle without making it seem any less remarkable. It assaults idle prejudice on every side of the debate about markets and the role of government. It is long overdue, and deserves to be widely read. Economist This valuable book provides a quite detailed and carefully analytical account of the economic development of Taiwan and its political and social setting... [Wade] makes a good case for his view that while market forces, at home and abroad, have been given much play, the government has also played a key part. Foreign Affairs

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Version	Price	Published	Edition
Paperback	£21.95	1992
Hardback	£56.00	1990	illustrated edition