Industrial Interdependence Change in Chile: 1960-90 a comparison with Taiwan and South Korea

J.M. Albala-Bertrand

International Review of Applied Economics, 1999, vol. 13, issue 2, 161-191

Abstract: There appears to be two main market-oriented policy-models of development: the Japanese Model (JM) and theWashington Consensus Model (WCM). Both stress the importance of, and are based on, macroeconomic stability, export-led development, and private sector initiative. There are, however, fundamental differences as regards the role of the market and the role of the government in development, and thereby the range of economic policies. The star performers, and therefore the main representatives of the Japanese Model are Taiwan and South Korea, while the star performer of theWashington Consensus is surely Chile. The question is whether the Chilean economy has developed a strong overall sectoral interdependence, and a sound manufacturing interdependence, as a basis for endogenous sustainability, as was already the case for both Taiwan and South Korea as early as the mid-1970s. This paper attempts to tackle this issue via sectoral linkage analysis, based on an input-output approach. The conclusion is that, whatever other successes from this wholesale experiment, the result in terms of both industrial interdependence and manufacturing industrialisation is weak and so far unpromising.

Date: 1999
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DOI: 10.1080/026921799101643

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