The Debate on South Korea's Industrial Policy Revisited
(2013) EKHK18 20131Department 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:
http://lup.lub.lu.se/student-papers/record/4529799
- author
- Park, Sungyeon LU
- supervisor
- organization
- course
- EKHK18 20131
- year
- 2013
- 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}}, language = {{eng}}, note = {{Student Paper}}, title = {{The Debate on South Korea's Industrial Policy Revisited}}, year = {{2013}}, }