Some Basic Thoughts on the Asian Development Model for a Conference
4 Pages Posted: 21 Aug 2014 Last revised: 24 Dec 2014
Date Written: August 18, 2014
This paper argues that even a free market is only free in a particular country because that state allows it to be so. Of course it goes without saying that the pressures of the market, together with the institutions of neoliberalism like the austerity wavering IMF and the World Bank, plus the interests of dominant powers, can persuasively influence or even straightjacket a state in its choices. This means that the overarching goal of capitalist development is imposed, perhaps freely, on welcoming nation states eager to join the club of developed or mid ranking nations who have pulled their peoples out of absolute poverty, while the specific methods and means to achieve that are or can be debated.
Keywords: Asian Development Model
JEL Classification: P16; O10
Suggested Citation: Suggested Citation