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Joe Studwell has written a book called "How Asia Works" that tries to tackle the question of what economic policies help countries get wealthy. You can read a r
by ctchocula 5y ago
Joe Studwell has written a book called "How Asia Works" that tries to tackle the question of what economic policies help countries get wealthy. You can read a review about it here [1]. But basically he boils down to 3 policies:
1. Land reform - Forcibly buy up farms and distribute it to farmers. This forces landlords into cities to develop more productive businesses.
2. Export discipline - Encourage companies to sell overseas rather than to the domestic market. This helps them become more competitive worldwide.
3. Financial control - Encourage banks to loan to companies that export instead of real estate companies.
[1] https://noahpinion.substack.com/p/what-studwell-got-wrong https://noahpinion.substack.com/p/what-studwell-got-wrong