Export Growth and Industrial Policy: Lessons from the East Asian Miracle Experience
Abstract
Industrial policy was for many years associated in policy discourse with failed interventionist import substitution strategies despite its apparent success in East Asia. Further despite the obvious point that in the real world 'markets fail' and enterprises impinge on each other, so that inevitably private and social returns deviate, public policy interventions to try to address these issues in the context of manufacturing have been treated with considerable suspicion. Industrial policy has seen a minor revival in recent times, however, stimulated in part by new theorizing and in part by ongoing debates on 'national competitiveness' strategies which have offered a new entrée in the context of globalization. The paper commences with a survey of the evidence on export growth and industrial policy in the NIEs, before turning to lessons for contemporary policy. This paper was prepared to be presented at the LAEBA Second Annual Meeting, Buenos Aires, Argentina, 28-29 November, 2005.Download Info
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Paper provided by Inter-American Development Bank in its series IDB Publications with number 47598.Length:
Date of creation: Nov 2005
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Handle: RePEc:idb:brikps:47598
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Keywords: Integration & Trade; Economics :: Industrial Policy; LAEBA conference; LAEBA meeting; east asia miracle;References
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Citations
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- Zoltan Acs & José Amorós, 2008.
"Entrepreneurship and competitiveness dynamics in Latin America,"
Small Business Economics,
Springer, vol. 31(3), pages 305-322, October.
- Zoltan J. Acs & Jose Ernesto Amoros, 2008. "Entrepreneurship and Competitiveness Dynamics in Latin America," Jena Economic Research Papers 2008-059, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
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IMF Working Papers
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- Roman Stöllinger & Beate Muck, 2011. "Long Term Patterns of International Merchandise Trade," FIW Specials series 001, FIW.
- Carson, Matthew, 2010. "Guiding structural change : the role of government in development," ILO Working Papers 455097, International Labour Organization.
- Gonzalo Hernandez & Arslan Razmi, 2011. "Can Asia Sustain an Export-Led Growth Strategy in the Aftermath of the Global Crisis? An Empirical Exploration," UMASS Amherst Economics Working Papers 2011-29, University of Massachusetts Amherst, Department of Economics.
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