This paper investigates the effects of the "Heavy and Chemical Industry"(HCI) policy of the 1970s on resource allocation among manufacturing industries and their performances. The effects on industrial organization and on income distribution are also very important, but they are not considered here. The effect on the performance of sectors other than the manufacturing sector is not considered, either.
This paper consists of two parts. Part Ⅰ, "The Background of the Heavy and Chemical Industry Policy, " reviews the economic and non-economic circumstances at the time the policy was adopted and discusses the motivations behind the policy. Part Ⅱ, " The Korean Experience with an Industrial Targeting Policy," briefly presents the instruments of the HCI policy and discusses the effects of the policy on the performance of the manufacturing sector of the Korean economy.
- The Industrial Policy of the 1970s and the Evolution of the Manufacturing Sector in Korea
- Yoo, Jungho유정호
- Korea Development Institute
The Industrial Policy of the 1970s and the Evolution of the Manufacturing Sector in Korea
Seoul : Korea Development Institute
|Subject||Industry and Technology < General|
|Holding||Korea Development Institute|