Molson Hart

7/But in addition to land reform, Studwell says the government needs to support small gardening farmers with extension services, marketing, and infrastructure.

8/Studwell's second point - and the centerpiece of his book - is about manufacturing and exports. Studwell thinks developing countries need to force their companies to export, in order to make them more productive.

9/Studwell coins a term, "export discipline", which basically means two things: 1. Governments incentivizing or even forcing companies to export 2. Global markets providing the "discipline" that forces these companies to raise productivity and find market niches

10/His theory, and his policy prescriptions, are remarkably similar to this 2004 paper by @rodrikdani: http://www.vedegylet.hu/fejkrit/szvggyujt/rodrik_industrial_policy.pdf …

11/Interestingly, Studwell doesn't put that much faith in currency undervaluation and trade surpluses. It's GROSS exports that matter for productivity gains in his telling, not NET exports. This is not a Trump-style story of trade as a zero-sum game.

has been a while since I read Studwell. But don't remember it as being a critique of undervaluation as a strategy so much as an argument for forcing firms to export so as to discipline industrial policies -- e.g. Korea's auto sector did better than Malaysia's.

if my memory is off let me know -- I really liked the book, thought it did a good job of describing various Asian industrial policies. but also remember thinking that emphasis on exports lent itself toward providing support for undervals