Coordination Problems, Risk Diversification, and Chance Economic Development and The Traditional Sector  

Oleh:

Grabowski, Richard

Jenis: Article from Bulletin/Magazine
Dalam koleksi: Journal of Asian Economics vol. 10 no. 3 (1999), page 475-488.
Topik: risks; coordination problems; risk diversification; development; traditional sector

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ50.4 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

This paper views the development process as a coordination problem subject to risk and chance. The degree of luck in economic experiences is limited by the extent to which an integrated market system exists. This is in turn related to the development of the traditional agricultural sector. As widespread development of this sector occurs market integration is achieved and the problem of coordinated development becomes easier. These ideas are illustrated with reference to the experiences of Japan and Taiwan. JEL classification : 01; 012

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