Industrial policy with a twist: What the East Asian experience means

Abstract

This paper reviews the theoretical case for industrial policy (coordination) provided by theories of multiple equilibria. It is argued that for most less developed countries the case for industrial policy (government coordination) is best made with respect to agriculture. Those states that have succeeded in terms of government policy promoting economic development, began with the agricultural sector.

Citation

Grabowski, R. (2004), "Industrial policy with a twist: What the East Asian experience means", International Journal of Development Issues, Vol. 3 No. 1, pp. 49-70. https://doi.org/10.1108/eb045839