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Srinivasan, Thirukodikaval N.
Year of Publication: 
Series/Report no.: 
Center Discussion Paper 783
The paper celebrates John Fei's life and contributions to economics by viewing them in the context of recent theoretical and empirical literature on the economics and politics of growth. It summarizes the lessons from the literature and development experience since the end of the second world war on the roles of the state, markets and other institutions in the development process. It highlights a major lesson, on which there is substantial agreement if not a consensus, on the importance of openness to foreign trade, technologies and capital flows to growth and on the importance of participatory democracy for political sustainability of growth-promoting policies.
Economic Development
Economic Growth
Openness and Growth
Foreign Trade and Growth
Technological Diffusion and Spillover
East Asian Economies
Political Economy
Authoritarianism and Development
Democracy and Development
Document Type: 
Working Paper

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