Open Access
Industrial policy in East Asia: in search for lessons
Zenaida Hernandez
- pp 1
TLDR
The authors summarizes the debate on East Asian industrial policy and summarizes the main lines of discussion and their evolution, and makes sense of what is relevant to the challenges currently faced by developing countries.Abstract:
One of the most debated questions in the development literature is the role of government intervention in East Asia. This paper summarizes the debate on East Asian industrial policy. Due to the wealth of literature on this topic, this paper does not attempt to exhaustively evaluate every intervention, but to describe the main lines of discussion and their evolution. The goal is to make sense of what is relevant to the challenges currently faced by developing countries.read more
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National policies that connect ICT-based education reform to economic and social development
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References
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Asia's next giant : South Korea and late industrialization
TL;DR: Korea's mode of industrialization as mentioned in this paper, the state and business: history and policies A history of backwardness The ABCs of Japanese and Korean accumulation The growth dynamic The spiraling of market power Getting relative prices "wrong": A summary Part II: Salaried management and human resources: The rise of salaried managers: Automobile manufacturing The paradox of "unlimited" labor and rising wages The boom in education Part III: The dynamics of dynamic comparative advantage: The switch in industrial leadership The world's largest shipbuilder The triumph of steel
Posted Content
Asia's Next Giant: South Korea and Late Industrialization
TL;DR: Amsden as mentioned in this paper showed that South Korea is one of a series of countries (ranging from Taiwan, India, Brazil, and Turkey, to Mexico, and including Japan) to have succeeded through borrowing foreign technology rather than by generating new products or processes.
Book
MITI and the Japanese Miracle: The Growth of Industrial Policy, 1925-1975
TL;DR: A Japanese'miracle' as mentioned in this paper, the rise of industrial policy and the institutions of high-speed growth, is a classic example of a Japanese model, which is also related to ours.
Posted Content
The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience
Alwyn Young,Alwyn Young +1 more
TL;DR: In this article, the fundamental role played by factor accumulation in explaining the extraordinary postwar growth of Hong Kong, Singapore, South Korea and Taiwan is discussed, and the authors show that participation rates, educational levels and investment rates have risen rapidly in all four economies, with non-agricultural and manufacturing employment growing one and a half to two times as fast as the aggregate working population.