Professor Robert Wade’s article, ‘After the Crisis: Industrial Policy and the Developmental State in Low-Income Countries’, is a bold and thought-provoking exposition of his long-held ideas on the political economy of development and the dynamics of structural change. I agree with much of what he suggests but would like to offer a couple of nuances on the relative roles of the market and the state in the process of economic development, and then suggest a framework for conceptualizing and operationalizing successful government intervention.
The full text of this article is available from the links below.