Arbeitspapier
Economic models for new industrializing countries in comparative perspective
The last decades are characterized more and more by the catching-up of former communist and developing countries especially in Central and Eastern Europe as well as in East Asia. But which economic system is able to develop an economic successful catching-up combined with human development and poverty reduction? In this paper the author argues that especially New Industrializing Countries (NICs) can learn a lot from developed market economies, not only in the positive sense but also from their mistakes. NICs are already quite developed and reached a level of functioning institutions which allow focussing on developed role models. Therefore, in this paper first catching-up strategies of Less Developed Countries (LDCs) and NICs in the past are described briefly. Then, common experiences from OECD countries and different role models are discussed. As possible role models for NICs five country groups were established: (1) Anglo-Saxon Free Market Economy, (2) Nordic Welfare State, (3) Social Market Economy, (4) Mediterranean Capitalism, and (5) Asian Capi-talism. As can be shown, emerging economies can use the experiences of these countries to improve their catching-up strategies. Therefore, advantages and disadvantages of the role models are discussed in comparative perspective. It results, that no single peak economy exists. But the role models can give political deciders an impression which model may be helpful to find adaptive institutions for the own catch-ing-up process.
- Language
-
Englisch
- Bibliographic citation
-
Series: Ordnungspolitische Diskurse ; No. 2013-01
- Classification
-
Wirtschaft
- Subject
-
New Industrializing Countries
Catching-up Strategies
Varieties of Capitalism
- Event
-
Geistige Schöpfung
- (who)
-
Wrobel, Ralph
- Event
-
Veröffentlichung
- (who)
-
OrdnungsPolitisches Portal (OPO)
- (where)
-
s.l.
- (when)
-
2013
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Wrobel, Ralph
- OrdnungsPolitisches Portal (OPO)
Time of origin
- 2013
Other Objects (12)
Comparative Perspectives in Economic Crises Geography. Economic Strategies in EU Countries
Biotechnologies in perspective : socio-economic implications for developing countries
Multisectoral economic models for developing countries
Multisectoral economic models for developing countries
Poland – Economic Development Level in Comparative Perspective, 1950-2005
Approaching business models from an economic perspective
Public policy and economic inequality: The United States in comparative perspective
How few countries will do? Comparative survey analysis from a Bayesian perspective
Labour Market Participation and Fertility in Seven European Countries: A Comparative Perspective
Comparative study of meningitis dynamics across nine African countries: a global perspective
Socio-economic exclusion as a hindrance of economic development. A comparative study for European countries
Managing the crisis : a comparative analysis of economic governance in 14 countries
Comparative Perspectives in Economic Crises Geography. Economic Strategies in EU Countries
Biotechnologies in perspective : socio-economic implications for developing countries
Multisectoral economic models for developing countries
Multisectoral economic models for developing countries
Poland – Economic Development Level in Comparative Perspective, 1950-2005
Approaching business models from an economic perspective
Public policy and economic inequality: The United States in comparative perspective
How few countries will do? Comparative survey analysis from a Bayesian perspective
Labour Market Participation and Fertility in Seven European Countries: A Comparative Perspective
Comparative study of meningitis dynamics across nine African countries: a global perspective
Socio-economic exclusion as a hindrance of economic development. A comparative study for European countries
Managing the crisis : a comparative analysis of economic governance in 14 countries
Comparative Perspectives in Economic Crises Geography. Economic Strategies in EU Countries
Biotechnologies in perspective : socio-economic implications for developing countries
Multisectoral economic models for developing countries
Multisectoral economic models for developing countries
Poland – Economic Development Level in Comparative Perspective, 1950-2005
Approaching business models from an economic perspective
Public policy and economic inequality: The United States in comparative perspective
How few countries will do? Comparative survey analysis from a Bayesian perspective
Labour Market Participation and Fertility in Seven European Countries: A Comparative Perspective
Comparative study of meningitis dynamics across nine African countries: a global perspective
Socio-economic exclusion as a hindrance of economic development. A comparative study for European countries