TY  - JOUR
AB  - Provides a new perspective on the role of the government in economic affairs. Utilising recent advances in the evolutionary theories of the firm, the coordination function of the government is emphasised. This paper argues that the government possesses certain unique features that allow it to restrict competition, and provide stable and reliable conditions under which firms organise, compete, cooperate and exchange. The coordinating perspective is employed to re‐examine the arguments for industrial policies regarding private investment decisions, market competition, diffusion of technologies and tariff protection on infant industries. This paper concludes that dynamic private enterprises assisted by government coordination policies explains the rapid economic growths in post‐war Japan and the Asian newly industrialising economies.
VL  - 27
IS  - 7/8/9/10
SN  - 0306-8293
DO  - 10.1108/03068290010337279
UR  - https://doi.org/10.1108/03068290010337279
AU  - Fu‐Lai Yu Tony
PY  - 2000
Y1  - 2000/01/01
TI  - A new perspective on therole of the government in economic development: Coordination under uncertainty
T2  - International Journal of Social Economics
PB  - MCB UP Ltd
SP  - 994
EP  - 1013
Y2  - 2024/04/23
ER  -