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Industry Policy in East Asia

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  • Heather Smith

Abstract

This survey examines the role of industry policy in the industrialisation of East Asian economies since the early 1980s. The first section outlines the neoclassical' model and the interventionist literature that has arisen to challenge it. It distinguishes three strands in this literature: the ‘structuralist’ and the ‘strategic’ trade models and the ‘fair trade’ argument. The following sections evaluate the empirical evidence for Northeast and Southeast Asian economies, discuss the analytical and empirical validity of the interventionist literature and in conclusion draw attention to the diminished relevance of industry policy, given the rapid market‐driven integration taking place in the Asian‐Pacific region.

Suggested Citation

  • Heather Smith, 1995. "Industry Policy in East Asia," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 9(1), pages 17-39, May.
    • Handle: RePEc:bla:apacel:v:9:y:1995:i:1:p:17-39
    DOI: 10.1111/j.1467-8411.1995.tb00102.x
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    References listed on IDEAS

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    1. Yoko Sazanami & Shujiro Urata & Hiroki Kawai, 1995. "Measuring the Costs of Protection in Japan," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 32, January.
    2. Jagdish N. Bhagwati, 1978. "Anatomy of Exchange Control Regimes," NBER Chapters, in: Foreign Trade Regimes and Economic Development: Anatomy and Consequences of Exchange Control Regimes, pages 7-52, National Bureau of Economic Research, Inc.
    3. Jagdish N. Bhagwati, 1978. "Foreign Trade Regimes and Economic Development: Anatomy and Consequences of Exchange Control Regimes," NBER Books, National Bureau of Economic Research, Inc, number bhag78-1, March.
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    Cited by:

    1. Crafts, Nicholas, 1999. "Quantitative economic history," Economic History Working Papers 22390, London School of Economics and Political Science, Department of Economic History.
    2. Pan-Long Tsai, 1999. "Explaining Taiwan’s Economic Miracle: Are the Revisionists Right?," Agenda - A Journal of Policy Analysis and Reform, Australian National University, College of Business and Economics, School of Economics, vol. 6(1), pages 69-82.
    3. Pan-Long Tsai, 1997. "'Paradigms of development: The East Asian debate': A comment," Oxford Development Studies, Taylor & Francis Journals, vol. 25(2), pages 237-243.
    4. Anis Chowdhury, 2008. "Labor Market Policies as Instruments of Industry Policy: What Can Europe Learn from Southeast Asia?," American Journal of Economics and Sociology, Wiley Blackwell, vol. 67(4), pages 661-681, October.
    5. Hu, Mei-Chih & Hung, Shih-Chang, 2014. "Taiwan's pharmaceuticals: A failure of the sectoral system of innovation?," Technological Forecasting and Social Change, Elsevier, vol. 88(C), pages 162-176.
    6. Manmohan Agarwal & Susmita Mitra, 2010. "Role of government in trade and investment boom: lessons from East Asia," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 13(4), pages 285-304.
    7. Hill, Hal, 2001. "Technology and Innovation in Developing East Asia: An interpretive Survey," Departmental Working Papers 2001-11, The Australian National University, Arndt-Corden Department of Economics.

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