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State Intervention and Export-oriented Development in South Korea

In: Developmental States in East Asia

Author

Listed:
  • Richard Luedde-Neurath

Abstract

The aim of this chapter is to contribute to the debate about the role of the state in industrial development through an examination of South Korea, which has been widely heralded as a case supporting the opponents of state intervention. Our research suggests, however, that the South Korean experience has been seriously misrepresented. Contrary to earlier contentions, Korea has in fact resorted extensively to ‘directive’ forms of state intervention over the last two decades.1 The view taken is that the Korean experience supports the advocates of directive state intervention in market economics.

Suggested Citation

  • Richard Luedde-Neurath, 1988. "State Intervention and Export-oriented Development in South Korea," Palgrave Macmillan Books, in: Gordon White (ed.), Developmental States in East Asia, chapter 3, pages 68-112, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-19195-6_3
    DOI: 10.1007/978-1-349-19195-6_3
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    Cited by:

    1. Wang, Jue, 2018. "Innovation and government intervention: A comparison of Singapore and Hong Kong," Research Policy, Elsevier, vol. 47(2), pages 399-412.
    2. Tzeng, Cheng-Hua, 2010. "Managing innovation for economic development in greater China: The origins of Hsinchu and Zhongguancun," Technology in Society, Elsevier, vol. 32(2), pages 110-121.
    3. Yu, Tony Fu-Lai, 1998. "Adaptive entrepreneurship and the economic development of Hong Kong," World Development, Elsevier, vol. 26(5), pages 897-911, May.

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