The growth in industrial competitiveness and interdependence has led to an increased interest in the role of industrial policy in achieving economic growth objectives. Heather Smith re-ignites the contentious debate of the role of the state using East Asian economic development in general with particular emphasis on Taiwan and Korea. Using quantitative techniques, she analyzes the view that industry policy interventions were a necessary factor explaining Taiwan's economic performance in the 1980s. Lessons for other countries attempting to upgrade their industrial structure are drawn from the comparative industrialization experience of Taiwan and Korea, along with: a comprehensive discussion of strategic industry policy with an application to East Asia; discussion of the impact of the 1997-8 financial crisis in Korea; and a critique of the structuralist/revisionist literature in the light of the financial crisis.
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1 of 1 people found the following review helpful:
4.0 out of 5 stars
The best work on the topic in years,
By A Customer
This review is from: Industry Policy in Taiwan and Korea in the 1980s: Winning With the Market (Hardcover)
This is an excellent book on industrial policy in Korea and Taiwan with the emphasis on Taiwan. This is welcome inasmuch as the professional literature on Taiwan is far smaller than the importance of the Taiwan case would warrant. It is an academic book in the best sense of the word - Smith comprehensively examines the existing literature and then goes on to make her own contribution based on carefully executed original research. It is certainly the best thing written on industrial policy in Taiwan in years.
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