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What Is the Future of the Market Economy? (On the Book by Justin Yifu Lin “The Quest for Prosperity: How Developing Economies Can Take Off”)
https://doi.org/10.32609/0042-8736-2013-9-150-160
Abstract
According to the opinion of Chinese economist J. Y. Lin, industrial structure of economy is endogenously determined by factors of production. Its effective operation is possible only under the influence of market forces. The main role of the government is to target the strategic support for specific industries with comparative advantages, as well as to improve the infrastructure.
About the Author
O. Antipina
Lomonosov Moscow State University, Faculty of Economics (Moscow, Russia)
Russian Federation
Russian Federation
References
1. Easterly W. (2006 [2001]). The Elusive Quest for Growth: Economists’ Adventures and Misadventures in the Tropics. Moscow: The Institute for Complex Strategic Studies Publ.
2. Lin J. Y., Cai F., Li Z. (2001). China Miracle: Development Strategy and Economic Reform / Trans. from Chinese. Moscow: RAS Institute of Far Eastern Studies Publ.
3. IMF (2012). The Man with the Patience to Cook a Stone // Finance & Development. A Quarterly Publication of The International Monetary Fund. Vol. 49, No 3. P. 4—7.
4. Lin J. Y. (2012). The Quest for Prosperity: How Developing Economies Can Take Off. Princeton and Oxford: Princeton University Press.
Review
For citations:
Antipina O. What Is the Future of the Market Economy? (On the Book by Justin Yifu Lin “The Quest for Prosperity: How Developing Economies Can Take Off”). Voprosy Ekonomiki. 2013;(9):150-160. (In Russ.) https://doi.org/10.32609/0042-8736-2013-9-150-160
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