Industry Policy in Taiwan and Korea in the 1980s: Winning with the Market

Reignites the contentious debate on the role of the state using East Asian economic development in general as an example, with particular emphasis on Taiwan and Korea. Draws on quantitative techniques to analyze the view that industry policy interventions were a necessary factor explaining Taiwan's economic performance in the 1980s. Lessons for other countries are drawn from the comparative industrialization experience of Taiwan and Korea. Smith is research fellow at the Research School of Pacific and Asian Studies/Asia Pacific School of Economics and Management, Australian National University. Annotation c. Book News, Inc., Portland, OR (booknews.com)