Industrial policy in an era of globalization: lessons from Asia
"Globalization reigns supreme as a description of recent economic transformation and it carries many meanings. In the policy realm, the orthodox terms of engagement have been enshrined in the "Washington consensus." But disappointing results in Latin America and transitional economies...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Washington, DC
Inst. for Internat. Economics
2003
|
| Schlagworte: | |
| Online-Zugang: | Table of contents Inhaltsverzeichnis |
| Zusammenfassung: | "Globalization reigns supreme as a description of recent economic transformation and it carries many meanings. In the policy realm, the orthodox terms of engagement have been enshrined in the "Washington consensus." But disappointing results in Latin America and transitional economies plus the Asian financial crisis have shaken the faith in Washington and elsewhere. One response has been to hark back to the more statist policies that the consensus marginalized. In this regard, Japan, Korea, and Taiwan are promoted as the poster nations that have derived great benefits from increasing integration with the international economy, without surrendering national autonomy in the economic or cultural spheres, effectively beating the West at its own game. The fundamental questions addressed in this monograph are whether industrial policy was indeed a major source of growth in these three economies, and if so, can it be replicated under current institutional arrangements, and if so, is it worth replicating, or, would developing countries today be better off embracing the suitably refined orthodoxy?" |
| Beschreibung: | XI, 121 S. graph. Darst. |
| ISBN: | 0881323500 |
Internformat
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| 520 | 3 | |a "Globalization reigns supreme as a description of recent economic transformation and it carries many meanings. In the policy realm, the orthodox terms of engagement have been enshrined in the "Washington consensus." But disappointing results in Latin America and transitional economies plus the Asian financial crisis have shaken the faith in Washington and elsewhere. One response has been to hark back to the more statist policies that the consensus marginalized. In this regard, Japan, Korea, and Taiwan are promoted as the poster nations that have derived great benefits from increasing integration with the international economy, without surrendering national autonomy in the economic or cultural spheres, effectively beating the West at its own game. The fundamental questions addressed in this monograph are whether industrial policy was indeed a major source of growth in these three economies, and if so, can it be replicated under current institutional arrangements, and if so, is it worth replicating, or, would developing countries today be better off embracing the suitably refined orthodoxy?" | |
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| 650 | 4 | |a Stabilisation économique - Asie | |
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Datensatz im Suchindex
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| adam_text | Titel: Industrial policy in an era of globalization
Autor: Noland, Marcus
Jahr: 2003
Contents
Preface ix
Acknowledgments xi
1 Introduction 1
Definition 10
Initiation and Maintenance of Industrialization 11
The Case for Selective Industrial Policy 15
2 Industrial Policies in Japan, Korea, and Taiwan 21
Industrial Policies: Some Preliminaries 21
Industrial Policy in Japan 23
Industrial Policy in Korea 37
Industrial Policy in Taiwan 51
Exports, Growth, and Productivity 57
Appendix 2.1: Total Factor Productivity Growth 63
3 Unintended Consequences 67
Political Economy 67
Long-Term Use May Be Hazardous to One s Health 69
Corruption 72
4 Replicability
Stability and Complexity
Ineproducible Initial Conditions?
Geography Is Not Destiny—Policy Matters
Does the International System Now Constrain Industrial Policy?
5 Conclusions
Final Thoughts
References
Index
77
77
78
83
93
100
103
111
Tables
Table 2.1 Human Capital Index and per capita income,
mid-1950s
Table 2.2 Capital subsidy-investment ratio in Japan
Table 2.3 Government subsidy share of total research and
development in Japan
Table 2.4 Effective rates of protection for Japan
Table 2.5 Impact of industrial policy on sectoral growth,
capital accumulation, and total factor productivity
in Japan, 1960-90
Table 2.6 Normalized sectoral tax rates in Japan
Table 2.7 Science and engineering students
Table 2.8 Impact of industrial policy on value added,
growth rate of capital stock, and sectoral total factor
productivity in Korea, 1963-83
Table 2.9 Intersectoral purchases, Korea, 1985
Table 2.10 Purchases of domestically produced and imported
machinery, Korea and Japan
Table 4.1 Distributional indicators, circa 1960
Table 4.2 Export similarity, 1968
Table 4.3 Rates of growth of total factor productivity
Table 4.4 Rates of growth of fixed capital stock
Figures
Figure 2.1 Sectoral composition of on-budget subsidies in Japan,
1955-80
Figure 2.2 Uses of FILP funds in Japan, 1955-98
Figure 2.3 Human capital accumulation, 1960-86
Figure 2.4 Rates of return on capital in Korea
Figure 2.5 Export loan subsidy in Taiwan
25
27
30
31
35
37
40
45
50
51
83
84
86
87
26
27
39
43
53
Figure 2.6 Average tariff burden in Taiwan 54
Figure 2.7 Research and development in Taiwan, 1978-2000 56
Figure 3.1 Corruption rankings for Japan, Korea, and Taiwan 73
Figure 3.2 Governance rankings for Japan, Korea, and Taiwan 73
Figure 4.1a Endowment triangle: Labor, physical capital, land 80
Figure 4.1b Endowment triangle: Labor, human capital, land 80
Figure 4.1c Endowment triangle: Land, physical capital, human
capital 81
Figure 4.Id Endowment triangle: Labor, physical capital, human
capital 81
vii
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| indexdate | 2024-07-09T19:12:45Z |
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| language | English |
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| spelling | Noland, Marcus 1959- Verfasser (DE-588)130560839 aut Industrial policy in an era of globalization lessons from Asia Marcus Noland ; Howard Pack Washington, DC Inst. for Internat. Economics 2003 XI, 121 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier "Globalization reigns supreme as a description of recent economic transformation and it carries many meanings. In the policy realm, the orthodox terms of engagement have been enshrined in the "Washington consensus." But disappointing results in Latin America and transitional economies plus the Asian financial crisis have shaken the faith in Washington and elsewhere. One response has been to hark back to the more statist policies that the consensus marginalized. In this regard, Japan, Korea, and Taiwan are promoted as the poster nations that have derived great benefits from increasing integration with the international economy, without surrendering national autonomy in the economic or cultural spheres, effectively beating the West at its own game. The fundamental questions addressed in this monograph are whether industrial policy was indeed a major source of growth in these three economies, and if so, can it be replicated under current institutional arrangements, and if so, is it worth replicating, or, would developing countries today be better off embracing the suitably refined orthodoxy?" Economische stabiliteit gtt Industriepolitiek gtt Politique industrielle - Asie Stabilisation économique - Asie Wirtschaftspolitik Industrial policy -- Asia Economic stabilization -- Asia Globalisierung (DE-588)4557997-0 gnd rswk-swf Industriepolitik (DE-588)4026860-3 gnd rswk-swf Asie - Politique économique Asien Asia -- Economic policy Asien (DE-588)4003217-6 gnd rswk-swf Asien (DE-588)4003217-6 g Industriepolitik (DE-588)4026860-3 s Globalisierung (DE-588)4557997-0 s DE-604 Pack, Howard Verfasser aut http://www.loc.gov/catdir/toc/fy044/2002032236.html Table of contents HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=010268472&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Noland, Marcus 1959- Pack, Howard Industrial policy in an era of globalization lessons from Asia Economische stabiliteit gtt Industriepolitiek gtt Politique industrielle - Asie Stabilisation économique - Asie Wirtschaftspolitik Industrial policy -- Asia Economic stabilization -- Asia Globalisierung (DE-588)4557997-0 gnd Industriepolitik (DE-588)4026860-3 gnd |
| subject_GND | (DE-588)4557997-0 (DE-588)4026860-3 (DE-588)4003217-6 |
| title | Industrial policy in an era of globalization lessons from Asia |
| title_auth | Industrial policy in an era of globalization lessons from Asia |
| title_exact_search | Industrial policy in an era of globalization lessons from Asia |
| title_full | Industrial policy in an era of globalization lessons from Asia Marcus Noland ; Howard Pack |
| title_fullStr | Industrial policy in an era of globalization lessons from Asia Marcus Noland ; Howard Pack |
| title_full_unstemmed | Industrial policy in an era of globalization lessons from Asia Marcus Noland ; Howard Pack |
| title_short | Industrial policy in an era of globalization |
| title_sort | industrial policy in an era of globalization lessons from asia |
| title_sub | lessons from Asia |
| topic | Economische stabiliteit gtt Industriepolitiek gtt Politique industrielle - Asie Stabilisation économique - Asie Wirtschaftspolitik Industrial policy -- Asia Economic stabilization -- Asia Globalisierung (DE-588)4557997-0 gnd Industriepolitik (DE-588)4026860-3 gnd |
| topic_facet | Economische stabiliteit Industriepolitiek Politique industrielle - Asie Stabilisation économique - Asie Wirtschaftspolitik Industrial policy -- Asia Economic stabilization -- Asia Globalisierung Industriepolitik Asie - Politique économique Asien Asia -- Economic policy |
| url | http://www.loc.gov/catdir/toc/fy044/2002032236.html http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=010268472&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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