State Intervention and Export-oriented Development in South Korea

Richard Luedde-Neurath

Chapter 3 in Developmental States in East Asia, 1988, pp 68-112 from Palgrave Macmillan

Abstract: Abstract The aim of this chapter is to contribute to the debate about the role of the state in industrial development through an examination of South Korea, which has been widely heralded as a case supporting the opponents of state intervention. Our research suggests, however, that the South Korean experience has been seriously misrepresented. Contrary to earlier contentions, Korea has in fact resorted extensively to ‘directive’ forms of state intervention over the last two decades.1 The view taken is that the Korean experience supports the advocates of directive state intervention in market economics.

Keywords: Foreign Direct Investment; Foreign Investment; Fair Trade; Foreign Exchange; Industrial Policy (search for similar items in EconPapers)
Date: 1988
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-19195-6_3

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DOI: 10.1007/978-1-349-19195-6_3

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