Alice Hoffenberg Amsden: A Consummate Dirigiste on Latecomer Economic Catch-Up

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Rajah Rasiah
Ajit Singh
Dieter Ernst


Until the achievement of the East economies of Korea and Taiwan in becoming developed in one generation, most works on the developing economies have encouraged the unleashing of market forces as the only recipe for such a success. Amsden’s work on South Korea and later on Taiwan were to incisively prove the importance of selective interventions as necessary to spearhead latecomer development. This article presents some of her posthumous publications that shall remain major pillars that policy makers can use to chart the growth of other successful latecomer stories.


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