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Industrial Interdependence Change in Chile: 1960-90 a comparison with Taiwan and South Korea

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  • J. M. Albala-Bertrand

Abstract

There appears to be two main market-oriented policy-models of development: the Japanese Model (JM) and theWashington Consensus Model (WCM). Both stress the importance of, and are based on, macroeconomic stability, export-led development, and private sector initiative. There are, however, fundamental differences as regards the role of the market and the role of the government in development, and thereby the range of economic policies. The star performers, and therefore the main representatives of the Japanese Model are Taiwan and South Korea, while the star performer of theWashington Consensus is surely Chile. The question is whether the Chilean economy has developed a strong overall sectoral interdependence, and a sound manufacturing interdependence, as a basis for endogenous sustainability, as was already the case for both Taiwan and South Korea as early as the mid-1970s. This paper attempts to tackle this issue via sectoral linkage analysis, based on an input-output approach. The conclusion is that, whatever other successes from this wholesale experiment, the result in terms of both industrial interdependence and manufacturing industrialisation is weak and so far unpromising.

Suggested Citation

  • J. M. Albala-Bertrand, 1999. "Industrial Interdependence Change in Chile: 1960-90 a comparison with Taiwan and South Korea," International Review of Applied Economics, Taylor & Francis Journals, vol. 13(2), pages 161-191.
    • Handle: RePEc:taf:irapec:v:13:y:1999:i:2:p:161-191
    DOI: 10.1080/026921799101643
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    References listed on IDEAS

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    Cited by:

    1. David Holland & Eugenio Figueroa B. & John Gilbert, 2001. "The Role of agriculture and food processing in the chilean economy: results from an input-output analysis," Estudios de Economia, University of Chile, Department of Economics, vol. 28(2 Year 20), pages 293-308, December.
    2. José M. Albala‐Bertrand & Emmanuel C. Mamatzakis, 2004. "The Impact of Public Infrastructure on the Productivity of the Chilean Economy," Review of Development Economics, Wiley Blackwell, vol. 8(2), pages 266-278, May.
    3. Jose Miguel Albala-Bertrand, 2006. "The Unlikeliness of an Economic Catastrophe: Localization & Globalization," Working Papers 576, Queen Mary University of London, School of Economics and Finance.

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