The East Asian Industrial Policy Experience: Implications for the Middle East

Marcus Noland and Howard Pack ()
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Howard Pack: Wharton School

No WP05-14, Working Paper Series from Peterson Institute for International Economics

Abstract: Japan, South Korea, and Taiwan are regarded as primary examples of countries that have derived great benefits from increasing integration with the international economy, without surrendering national autonomy in the economic or cultural spheres, by pursuing decidedly nonneutral policies with respect to the promotion of specific sectors and activities. This working paper addresses a series of questions in an attempt to assess the relevance of their experiences for the contemporary Middle East: Was industrial policy a major source of growth in these three economies? Can these outcomes be duplicated in the Middle East today, or do special circumstances or changes in the international policy environment prevent replication of the East Asian experience? Given the revealed costs and benefits, is replication advisable? And, if not, are there other, positive lessons that Middle Eastern countries can derive from the experiences of the East Asians?

Keywords: industrial policy; Asia; Middle East (search for similar items in EconPapers)
JEL-codes: L5 O14 O38 (search for similar items in EconPapers)
Date: 2005-12
New Economics Papers: this item is included in nep-sea
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Citations: View citations in EconPapers (9)

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