Learning economic lessons from Asia | The Enlightened Economist

The Enlightened Economist reviews Joe Studwell’s book, How Asia Works: Success and Failure in the World’s Most Dynamic Region. He highlights three key steps:

1. land reform, where large plantations are broken into smaller — and surprisingly more productive — family-owned farms;
2. export subsidy of key domestic manufacturing industry, rather than protectionism through creating barriers to imports; and
3. control of large-scale, high-end financial services while extending the scale of low-end consumer and small-business finance.

Read more at Learning economic lessons from Asia | The Enlightened Economist.