Skip to main content
SpringerLink
Log in

Ersatz Miracle: Learning Development Lessons from Southeast Asia

  • Local/Global Encounters
  • Published:
Development Aims and scope

Abstract

Other developing countries have been urged to emulate three Southeast Asian economies based on misleading analysis of the rapid growth and structural transformation of eight East Asian economies excluding China. Despite departing from the earlier conventional wisdom based on the Washington Consensus, the Bank’s analysis favours ‘functional interventions’, correcting for market failures, while eschewing the Northeast Asian economies’ ‘strategic interventions’ which were crucial to their superior economic performance.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Log in via an institution

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Institutional subscriptions

References

  • Evans, Peter B. 1995. Embedded autonomy: States and industrial transformation. Princeton, NJ: Princeton University Press. http://media.library.ku.edu.tr/reserve/resfall07_08/intl355_cbakir/evans.pdf.

  • Jomo, K.S. 2008. Obstacles to implementing lessons from the 1997–1998 East Asian Crises. DESA working paper no. 66, Department of Economic and Social Affairs, United Nations, New York. http://www.un.org/esa/desa/papers/2008/wp66_2008.pdf.

  • Jomo K.S. and Anis Chowdhury (eds). 2012. Is good governance good for development? London: Bloomsbury Academic, in association with the United Nations, New York.

  • Khan, Mushtaq, and K.S. Jomo (eds.). 2000. Rents, rent-seeking and economic development: Theory and the Asian evidence. Cambridge: Cambridge University Press.

    Google Scholar 

  • Krugman, Paul. 1994. The myth of Asia’s miracle. Foreign Affairs 73 (6): 62–78.

    Article  Google Scholar 

  • Little, Ian Malcolm, Tibor Scitovsky David, and Maurice FitzGerald Scott. 1970. Industry and trade in some developing countries: A comparative study. Oxford: Oxford University Press for OECD, Paris.

    Google Scholar 

  • Myrdal, Gunnar. 1968. Asian drama: An inquiry into the poverty of nations. New York: Pantheon.

    Google Scholar 

  • Rock, Michael T. 2017. Dictators, democrats, and development in Southeast Asia: Implications for the rest. New York: Oxford University Press.

    Google Scholar 

  • World Bank. 1993. The East Asian miracle. New York: Oxford University Press.

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Kuala Lumpur, Malaysia

    Kwame Sundaram Jomo

Authors
  1. Kwame Sundaram Jomo
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Kwame Sundaram Jomo.

Rights and permissions

Reprints and permissions

About this article

Check for updates. Verify currency and authenticity via CrossMark

Cite this article

Jomo, K.S. Ersatz Miracle: Learning Development Lessons from Southeast Asia. Development 59, 127–132 (2016). https://doi.org/10.1057/s41301-017-0084-y

Download citation

  • Published:

  • Issue Date:

  • DOI: https://doi.org/10.1057/s41301-017-0084-y

Keywords

Search

Navigation