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Comment on “The Chaebol and Industrial Policy in Korea” by Wohnyuk Lim

In: The Industrial Policy Revolution I

Author

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  • Shahid Yusuf

    (George Washington University School of Business)

Abstract

There can be no denying Korea’s remarkable industrial prowess sustained almost without interruption from the mid-1960s onwards. It is the stuff of legend and the subject of countless articles and book-length publications. Other developing countries, many of which were on a par with Korea in the 1960s and now lag far behind, have sought to learn from Korea’s experience and to adapt the policies it followed — thus far with limited success. But the interest has not waned and in recent years it has risen to a new pitch as a number of middle-income countries find that their industrial momentum is faltering and conventional market-based incentives are proving less effective in the post-financial crisis environment.

Suggested Citation

  • Shahid Yusuf, 2013. "Comment on “The Chaebol and Industrial Policy in Korea” by Wohnyuk Lim," International Economic Association Series, in: Joseph E. Stiglitz & Justin Yifu Lin (ed.), The Industrial Policy Revolution I, chapter 5, pages 371-374, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-137-33517-3_23
    DOI: 10.1057/9781137335173_23
    as

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