The growth in global competitiveness and interdependence has led to
an increased interest in the role of industrial policy in achieving
economic growth objectives. Heather Smith reignites the contentious
debate of the role of the state using East Asian economic
development in general with particular emphasis on Taiwan and
Korea. Using quantitive techniques, the author analyses 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 industrialisation experience of
Taiwan and Korea, along with: * a comprehensive discussion of
strategic industry policy with an application to East Asia. *
discussion on the impact of the 1997-1998 financial crisis in Korea
* a critique of the structuralist/revisionist literature in the
light of the financial crisis. This highly topical study
constitutes essential reading for governmental and non-governmental
policymakers, business leaders and academics alike.
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