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The Debate on South Korea's Industrial Policy Revisited

Park, Sungyeon LU (2013) EKHK18 20131
Department of Economic History
Abstract (Swedish)
Comprehending the East Asian Miracle has been a subject of heated major debate topic in development economics. And Korea was recognized as having one of the most pro-active state interventions in industrial policy and the debate on the performance of industrial policy has not been settled yet. This paper discusses the political economy of industrial policy over decades and the changes in conventional thinking in the World Bank on industrial policy. By reviewing the recent industrial policy debate on
comparative advantage strategy in Korea by Justin Yifu Lin and Ha-Joon Chang this paper assesses the economic theory of comparative advantage and its work in Korean industrial policy, and it finds that Korea had defied from its comparative... (More)
Comprehending the East Asian Miracle has been a subject of heated major debate topic in development economics. And Korea was recognized as having one of the most pro-active state interventions in industrial policy and the debate on the performance of industrial policy has not been settled yet. This paper discusses the political economy of industrial policy over decades and the changes in conventional thinking in the World Bank on industrial policy. By reviewing the recent industrial policy debate on
comparative advantage strategy in Korea by Justin Yifu Lin and Ha-Joon Chang this paper assesses the economic theory of comparative advantage and its work in Korean industrial policy, and it finds that Korea had defied from its comparative advantage too far during the process of industrialization despite of its success. (Less)
Please use this url to cite or link to this publication:
author
Park, Sungyeon LU
supervisor
organization
course
EKHK18 20131
year
type
M2 - Bachelor Degree
subject
keywords
Korea, industrial Policy, comparative advantage, structural change, economic growth, development
language
English
additional info
The Document is accessible upon request to sngn.prk@gmail.com
id
4529799
date added to LUP
2014-07-01 15:10:02
date last changed
2014-09-10 12:14:39
@misc{4529799,
  abstract     = {Comprehending the East Asian Miracle has been a subject of heated major debate topic in development economics. And Korea was recognized as having one of the most pro-active state interventions in industrial policy and the debate on the performance of industrial policy has not been settled yet. This paper discusses the political economy of industrial policy over decades and the changes in conventional thinking in the World Bank on industrial policy. By reviewing the recent industrial policy debate on 
comparative advantage strategy in Korea by Justin Yifu Lin and Ha-Joon Chang this paper assesses the economic theory of comparative advantage and its work in Korean industrial policy, and it finds that Korea had defied from its comparative advantage too far during the process of industrialization despite of its success.},
  author       = {Park, Sungyeon},
  keyword      = {Korea,industrial Policy,comparative advantage,structural change,economic growth,development},
  language     = {eng},
  note         = {Student Paper},
  title        = {The Debate on South Korea's Industrial Policy Revisited},
  year         = {2013},
}