ABSTRACT
Alongside the inadequate results of structural adjustment programmes and the theoretical criticisms of the model underlying these experiments with stabilisation, the Washington Consensus was put in question by experiments with development in Southeast Asia. In the mid-1970s, experiments with development in Southeast Asia constituted an important stake for the neoclassical school in the field of development economics. The neoclassical attitude to the success of Asian experiments became increasingly untenable. Moreover, from the beginning of the 1980s on, Japan grew increasingly influential in international authorities and demanded to play a more important role in these authorities. The neo-institutionalist school emerged in the field of development economics in the late 1980s. Rosenstein-Rodan was one of the first to develop the hypothesis that there was a different path to the industrialisation and the development for new industrial countries as compared with older nations.
