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Articles 1 - 3 of 3
Full-Text Articles in Social and Behavioral Sciences
Review Of "Asia Next Giant: South Korea And Late Industrialization" By A. H. Amsden, Larry E. Westphal
Review Of "Asia Next Giant: South Korea And Late Industrialization" By A. H. Amsden, Larry E. Westphal
Economics Faculty Works
No abstract provided.
Changes In Income Distribution In Poor Agricultural Nations: Malawi And Madagascar, Frederic L. Pryor
Changes In Income Distribution In Poor Agricultural Nations: Malawi And Madagascar, Frederic L. Pryor
Economics Faculty Works
No abstract provided.
Industrial Policy In An Export-Propelled Economy: Lessons From South Korea's Experience, Larry E. Westphal
Industrial Policy In An Export-Propelled Economy: Lessons From South Korea's Experience, Larry E. Westphal
Economics Faculty Works
Korea provides an illuminating case of state intervention to promote economic development. Like many other third world governments, Korea's government has selectively intervened to affect the allocation of resources among industrial activities. It has used taxes and subsidies, credit rationing, various kinds of licensing, and the creation of public enterprises, for example. But these policies have been applied in the context of a radically different development strategy, one of export-led industrialization. Moreover, Korea's economy has experienced exceptionally rapid development with relatively equitable distribution of the gains. This paper argues that the government's selective industrial policies have contributed importantly to Korea's …