Industrial Policy: Growth Elixir or Poison?

摘要: The debate about industrial policy occasioned by the East Asian financial crisis is latest chapter in an ongoing discussion effectiveness of selective government intervention fostering rapid growth. that began Republic Korea 1997 and weak growth Japan over much 1990s have prompted a reexamination actions two countries pursued sectorial selectivity most intensively. If indeed policies were important accelerating growth, there may be lessons for other still early stages industrialization. Conversely, if magnitude contribution was small, more conventional should unless it assumed governments can improve on efforts Korea.