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Industrial policy and development in Korea (English)

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  • Industrial policy and development in Korea (English)
  • WESTPHAL, L.; KIM, K.
  • World Bank (WB)


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Title Industrial policy and development in Korea (English)
Similar Titles
Material Type Reports
Author(English)

WESTPHAL, L.; KIM, K.

Publisher

World Bank (WB)

Date 1977
Language English
File Type Link
Subject Economy < Trade

Abstract

This study is an examination in depth of Korea's industrial incentive policies from 1955 to 1975. It begins with a brief history of Korea's industrial policies, followed by a discussion of historical trends in the real effective exchange rates for exports and imports. Estimates of nominal and effective incentive rates for 1968 are then presented and analyzed in detail, after which the changes that have taken place in the structure of Korea's trade and production are quantified and related to its industrial incentive policies. The essay concludes with a summary of the principal findings in the form of an evaluation of Korea's industrial development performance.