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Industrial Policy and Development in the ASEAN Countries

Romeo Bautista
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Romeo Bautista: School of Economics, University of the Philippines Diliman

No 198303, UP School of Economics Discussion Papers from University of the Philippines School of Economics

Abstract: This paper describes the evolution of industrial policy and development in each of the ASEAN countries, indicating also the general thrusts of recent industrial promotion policies in the region. Because trade policies form a part, and in the context of the ASEAN countries a major part, of the overall policy climate affecting the performance of manufacturing industries, the discussion of industrial policy inevitably includes the incentive effects of foreign trade regimes adopted. The discussion then shifts to the Korean industrialization experience from which some lessons are drawn that could provide guidance for ASEAN policymakers. This is followed by an examination of potential areas for industrial complementary and trade expansion between the ASEAN and the Asian NICs, given the rising protectionism in the industrialized countries. The paper ends with some general remarks on the possibilities for promoting mutually beneficial development through trade in manufactures among the NICs and the "near-NICs" (including the ASEAN countries) under the constraint for continuing restrictions in access to industrialized country markets.

Date: 1983-03
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Citations: View citations in EconPapers (4)

Published as UPSE Discussion Paper No. 1983-03, March 1983

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