Economic Development and Industrial Policy
Korea, Brazil, Mexico, India and China
Published on 1. September 1994
Book
Hardback
288 pages
978-0-7201-2175-9 (ISBN)
Description
The author compares the industrial policies of five large, newly indstrialized countries and argues that comparative advantage in heavy and industrial chemicals (HCI) has been passing to such countries. The policies adopted to accelerate the process have been disappointing in most cases, their premature imposition creating HCI sectors which have become increasingly burdensome to the rest of the economy. The book traces the adverse economic impact of such policies on Brazil, Mexico, India and China through postwar years, in contrast to the more successful Korean experience. In-depth analyses of steel, petrochemicals and automobile assembly are given.
More details
Series
Language
English
Place of publication
London
United Kingdom
Publishing group
Bloomsbury Publishing PLC
Target group
College/higher education
Illustrations
tables, figures, references
Dimensions
Height: 234 mm
Width: 156 mm
ISBN-13
978-0-7201-2175-9 (9780720121759)
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Schweitzer Classification
Content
Part 1 NIC policy options for heavy chemical industry (HCI): technology and the postwar diffusion of HCI - a product cycle model; the industrial policy controversy. Part 2 Micro issues - sectoral targeting and HCI maturation rates: HCI maturation rates in the mid-income NICs; Autarkic and competitive industrial policies; political economy of industrial policy. Part 3 Macro consequences of industrial policy - mid-income NICs: macro impacts of Korea's heavy industry drive re-evaluated; macroeconomic consequences of protracted HCI maturation under Autarkic industrial policy - Brazil; Mexico - natural resources and industrial policy choice. Part 4 Macro consequences of indistrial policy - low-income NICs: HCI in a low-income NIC - India; HCI and its reform in a low-income NIC - China. Part 5 Conclusions and policy implications: Summary and policy findings.