Industrial Policy, Asian Miracle Style
https://www.aeaweb.org/articles/pdf/doi/10.1257/jep.20251448
The World Bank's East Asian Miracle: Too Much a Product of Its Time?
https://www.aeaweb.org/articles/pdf/doi/10.1257/jep.20251449
The Role of Standards in the East Asian Miracle
https://openknowledge.worldbank.org/server/api/core/bitstreams/bb7b702e-dbf7-4bd8-9141-01a08d520b3c/content
The East Asian Miracle Remembered: Tiger Secrets Hidden in Plain Sight
https://www.cgdev.org/sites/default/files/east-asian-miracle-remembered-tiger-secrets-hidden-plain-sight.pdf
‘Birds of a Feather’ Shaped East Asia’s Development ‘Miracles’
https://thediplomat.com/2025/07/birds-of-a-feather-shaped-east-asias-development-miracles/
How shared backgrounds among policy elites powered the economic rise of Japan, South Korea, Taiwan, and China.
The East Asian Miracle: Where Did Adam Smith Go Wrong?
https://hir.harvard.edu/the-east-asian-miracle-where-did-adam-smith-go-wrong/
https://www.aeaweb.org/articles/pdf/doi/10.1257/jep.20251449
https://openknowledge.worldbank.org/server/api/core/bitstreams/bb7b702e-dbf7-4bd8-9141-01a08d520b3c/content
The East Asian Miracle Remembered: Tiger Secrets Hidden in Plain Sight
https://www.cgdev.org/sites/default/files/east-asian-miracle-remembered-tiger-secrets-hidden-plain-sight.pdf
‘Birds of a Feather’ Shaped East Asia’s Development ‘Miracles’
https://thediplomat.com/2025/07/birds-of-a-feather-shaped-east-asias-development-miracles/
How shared backgrounds among policy elites powered the economic rise of Japan, South Korea, Taiwan, and China.
The East Asian Miracle: Where Did Adam Smith Go Wrong?
https://hir.harvard.edu/the-east-asian-miracle-where-did-adam-smith-go-wrong/
China’s comparative advantage is industrial policy: Western attempts to imitate Beijing’s state-funded model are unwise
https://www.ft.com/content/42fc2ea1-cd3a-43d1-87c6-eba09a44d888
https://www.ft.com/content/42fc2ea1-cd3a-43d1-87c6-eba09a44d888
https://www.wsj.com/world/china/beijings-industrial-policy-of-everything-leaves-rest-of-the-world-in-the-dust-8b94a046
Government support encompasses the old, the new, goods and services, micro and macro. Nothing Trump elicits in China will alter this.
Is China’s Confidence Justified?
https://www.project-syndicate.org/commentary/china-growing-confidence-masks-deep-structural-challenges-by-jayati-ghosh-2026-05
China’s political and intellectual elites increasingly see the country’s economic transformation as evidence that state-led development has succeeded where liberal capitalism has failed. Yet structural problems, including overcapacity and persistent inequality, suggest that triumphalism may be premature.
https://www.project-syndicate.org/commentary/china-growing-confidence-masks-deep-structural-challenges-by-jayati-ghosh-2026-05
China’s political and intellectual elites increasingly see the country’s economic transformation as evidence that state-led development has succeeded where liberal capitalism has failed. Yet structural problems, including overcapacity and persistent inequality, suggest that triumphalism may be premature.
Industrial Policy for an Age of Uncertainty
https://www.project-syndicate.org/commentary/industrial-policy-directed-improvisation-not-picking-winners-by-yuen-yuen-ang-2026-05
With industrial policy back in fashion worldwide, the question is not whether governments should intervene (they already do), but how they should proceed when they do not know in advance what will work. The answer lies in directed improvisation: creating the conditions for experimentation where it counts.
https://www.project-syndicate.org/commentary/industrial-policy-directed-improvisation-not-picking-winners-by-yuen-yuen-ang-2026-05
With industrial policy back in fashion worldwide, the question is not whether governments should intervene (they already do), but how they should proceed when they do not know in advance what will work. The answer lies in directed improvisation: creating the conditions for experimentation where it counts.
Related:
Critique of Soviet-Style Central Planning:
https://jacobin.com/2026/05/central-planning-soviet-union-socialism
https://jacobin.com/2026/05/central-planning-soviet-union-socialism