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Comprises nine papers on industrial policies in selected East Asian countries along with two review papers on the development of industrial policies in the region and the industrial policies of developed and developing economies from the perspective of the East Asian experience. Covers mainly the 1980s and 1990s with some trends from the 1950s.
This book is about the restructuring of industry in ten East Asian economies at the start of the twenty-first century. It examines the dynamic aspects of the region's industrial structures -- the changes occurring with globalisation fuelled by liberalisation and by a paradigm shift from industrial technology to information technology. The traditional "flying geese" concept is less relevant to explaining the economic and industrial development in the region as the pattern has become less predictable.
This book presents a broad descriptive and quantitative evaluation of industrial policies in four East Asian economies OCo Japan, Korea, Taiwan, and Singapore OCo with a special focus on Singapore. The book offers a comprehensive overview of the discussions on the concept of industrial policy within the East Asian context and quantitative assessments of these policies through productivity analyses and CGE modeling, especially where Singapore is concerned. It demonstrates evidence for the positive role of industrial policies and government activism in welfare improvements and industrial development."
Industrial policy has long been regarded as a strategy to encourage sector-, industry-, or economy-wide development by the state. It has been central to competitiveness, catching up, and structural change in both advanced and developing countries. It has also been one of the most contested perspectives, reflecting ideologically inflected debates and shifts in prevailing ideas. There has lately been a renewed interest in industrial policy in academic circles and international policy dialogues, prompted by the weak outcomes of policies pursued by many developing countries under the direction of the Washington Consensus (and its descendants), the slow economic recovery of many advanced economies after the 2008 global financial crisis, and mounting anxieties about the national consequences of globalization. The Oxford Handbook of Industrial Policy presents a comprehensive review of and a novel approach to the conceptual and theoretical foundations of industrial policy. The Handbook also presents analytical perspectives on how industrial policy connects to broader issues of development strategy, macro-economic policies, infrastructure development, human capital, and political economy. By combining historical and theoretical perspectives, and integrating conceptual issues with empirical evidence drawn from advanced, emerging, and developing countries, The Handbook offers valuable lessons and policy insights to policymakers, practitioners and researchers on developing productive transformation, technological capabilities, and international competitiveness. It addresses pressing issues including climate change, the gendered dimensions of industrial policy, global governance, and technical change. Written by leading international thinkers on the subject, the volume pulls together different perspectives and schools of thought from neo-classical to structuralist development economists to discuss and highlight the adaptation of industrial policy in an ever-changing socio-economic and political landscape.
"The debate on the major factors contributing to Southeast Asian industrialization continues unabated. As might be expected, there is much at stake in this debate. The debate is largely ideological in nature and partly centers on the role and contribution of state interventions and other institutions in market processes in the context of late industrialization. At the risk of caricaturing the debate, on the one hand, one finds the dominant and more influential position held by those who blame the state for all that has gone wrong and credit the market for all that has turned out right; on the other hand, the minority statist extreme position basically credits most major economic achievements in East Asia to appropriate interventions by developmentalist states. While very few people would actually fully identify with either of these caricatured extremes, much of the discussion actually gravitates around either of these poles. "
The Political Economy of Industrial Policy in East Asia sheds new light on the reasons why Taiwan and South Korea have achieved such remarkable progress in the semiconductor industry. This book focuses on the institutional arrangements in Taiwan and South Korea across time and shows how the state and society have interacted to accomplish the successful development of the semiconductor industry. It argues persuasively that three institutional factors are critical in understanding the development processes of the semiconductor industry in these two countries: first, the different degrees of business concentration, second, the different state structures and their influence on policy making networks, and finally, the different international political economies in which the two countries are located. The author challenges the developmental statist argument which has traditionally offered the most popular explanation of East Asian development, and includes recent industrial data and statistics demonstrating the current status of this rapidly changing industry. This book will be welcomed by graduate students and academics in the fields of comparative political economy, international political economy and industrial policy. It will also appeal to those interested in industrial development strategies, East Asian development and comparative politics.
Examines how African policy makers might develop better coordination between the public and private sectors to identify the constraints to faster structural transformation, and to design, implement, and monitor policies to remove them.
Catch-Up Industrialization is an innovative examination of how the political ideology of 'developmentalism' has driven East Asian economic growth. The author considers innovative production and management techniques, the patterns of industrial relations, and the way education shapes the workforce, using this information to assess late 20th century East Asian economic development based on economic liberalization and the rapid diffusion of information technology.The term 'catch-up' links developing and developed countries, and defines the socioeconomic mindset common to high-growth societies of Asia. The author's argument differs from neoclassical approaches emphasizing the workings of the market, statist ones emphasizing policy rather than private initiatives, business studies lacking macroeconomic and global perspectives, work by development economists based on agriculture, and World BankIMF studies that lack socio-cultural and historical understanding.
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