Rethinking the Asian Mercantilism

Who have been the biggest beneficiaries of the Asian mercantilism policies?

How have they contributed to the job growth and the income growth in the broader context of economic development? If they did so during the early stages of industrialization, how about in the late phases of industrialization?

There is ample literature on its positive aspects and effects (e.g., how it has helped some Asian countries build their manufacturing foundation).

Yet, it may have screwed its own entrepreneurs.

Further, one needs to factor in the political eoonomy issue, of course.