Ha Joon Chang On State Vs The Market

Question 1

Is development easy or difficult (Ha Joon Chang)

Answer 1

Difficult

Question 2

Who is the most powerful to deliver economic progress (Ha Joon Chang)

Answer 2

Markets - but they need to be properly regulated

Question 3

What is important in the growth and development process

Answer 3

Motives and capabilities

Question 4

Motives for development and growth

Answer 4

When producers are creating outcomes that threaten to harm development the state can and should intervene on pragmatic grounds

Question 5

Capabilities in the growth and development process

Answer 5

Fledgling industry protection tries to create the space from which developing countries can build capabilities; the stage needs to invest in productivity enhancing factor inputs

Question 6

How can development be sustained

Answer 6

By investing in social capabilities, some of which might require constraining certain parts of the market

Question 7

What is important in the growth and development process

Answer 7

Motives and capabilities

Question 8

Motives for development and growth

Answer 8

When producers are creating outcomes that threaten to harm development the state can and should intervene on pragmatic grounds

Question 9

Capabilities in the growth and development process

Answer 9

Fledgling industry protection tries to create the space from which developing countries can build capabilities; the stage needs to invest in productivity enhancing factor inputs

Question 10

How can development be sustained

Answer 10

By investing in social capabilities, some of which might require constraining certain parts of the market