Economic Policy

Agriculture and Economic Development in East Asia: From by Joanna Boestel, Visit Amazon's Penelope Francks Page, search

By Joanna Boestel, Visit Amazon's Penelope Francks Page, search results, Learn about Author Central, Penelope Francks, , Choo Hyop Kim

A comparative research which describes and analyses the contribution of agriculture to the economies of East Asia. beforehand, little consciousness has been paid to the rural region which truly underpins commercial and advertisement improvement. lately, this zone has develop into the point of interest of more and more sour fiscal disputes, specifically over defense and using import price lists.
A comparative framework is used, utilizing case stories from Japan, Taiwan and South Korea to spotlight either the typical features of agriculture's position in East Asian improvement, and contours specific to the political economic system of agriculture in every one state.

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Extra info for Agriculture and Economic Development in East Asia: From Growth to Protectionism in Japan, Korea and Taiwan (Esrc Pacific Asia Programme Series)

Example text

On the one hand, they take the form of restrictions on imports of agricultural products which compete with those that domestic farmers want to produce, whilst on the other they encompass all kinds of mechanisms for directly raising farmers’ incomes, including price supports and subsidies of many different types. In some cases, the measures are also intended to reduce the costs and pains of adjustment for farmers, providing incentives to increase scale and acquire large-scale equipment, or retraining and other kinds of assistance to those leaving farming.

The ‘East Asian model of industrialisation’ largely centres on the role of the state in promoting economic development and any analysis of agriculture’s part in the process must take as its starting-point the involvement in the agricultural sector of the ‘bureaucratic developmental state’. ForJapan, Korea and Taiwan, the importance of rice, both in the economies of farm households and in the diets of consumers, has meant that this involvement has tended to focus on state intervention in the production, distribution and consumption of this ‘staple food’.

During the 1950s, the governments of both countries pursued the kind of import-substitution industrialisation strategy then widely advocated as the means to escape from underdevelopment and dependency. However, although some would argue that these phases of their development provided the basis for subsequent growth, the industrial capacity established remained limited, inefficient and over-protected and, for a variety of political and economic reasons, in both countries the early 1960s saw a switch to a new development strategy based on the promotion of manufactured exports.

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