Economic development and industrial policy : Korea, Brazil, Mexico, India and China

Author(s)

Bibliographic Information

Economic development and industrial policy : Korea, Brazil, Mexico, India and China

Richard M. Auty

(Global development and the environment)

Mansell, 1994

Available at  / 46 libraries

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Note

Includes bibliographical references (p. [245]-263) and index

Description and Table of Contents

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.

Table of Contents

  • 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.

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