Comment on “The Chaebol and Industrial Policy in Korea” by Wohnyuk Lim

Shahid Yusuf
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Shahid Yusuf: George Washington University School of Business

Chapter 5.4 in The Industrial Policy Revolution I, 2013, pp 371-374 from Palgrave Macmillan

Abstract: Abstract There can be no denying Korea’s remarkable industrial prowess sustained almost without interruption from the mid-1960s onwards. It is the stuff of legend and the subject of countless articles and book-length publications. Other developing countries, many of which were on a par with Korea in the 1960s and now lag far behind, have sought to learn from Korea’s experience and to adapt the policies it followed — thus far with limited success. But the interest has not waned and in recent years it has risen to a new pitch as a number of middle-income countries find that their industrial momentum is faltering and conventional market-based incentives are proving less effective in the post-financial crisis environment.

Keywords: Corporate Governance; Comparative Advantage; Business Group; Industrial Policy; Crisis Environment (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-137-33517-3_23

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DOI: 10.1057/9781137335173_23

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