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Prospects and perils for small and medium enterprises in outward-oriented industrial expansion : Lessons from Korea and Taiwan

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  • Prospects and perils for small and medium enterprises in outward-oriented industrial expansion
  • Levy, Brian
  • United States Agency for International Development


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Title Prospects and perils for small and medium enterprises in outward-oriented industrial expansion
Similar Titles
Sub Title

Lessons from Korea and Taiwan

Material Type Reports
Author(English)

Levy, Brian

Publisher

[Washington, D.C.]:United States Agency for International Development

Date 1986-11
Series Title; No Other USAID Supported Study, Document; Employment and enterprise policy analysis discussion paper / 8
Pages 38
Subject Country South Korea(Asia and Pacific)
Taiwan(Asia and Pacific)
File Type Link
Subject Economy < General
Economy < Trade
Industry and Technology < General
Holding United States Agency for International Development

Abstract

Many developing countries are currently adjusting their policy regime from an inwardly-oriented, import substitution-based regime to one more neutral or slightly biased towards exports. Using the experiences of Korea and Taiwan, it is argued herein that some of the policies adopted to achieve this outcome may have implications for the size structure of industry. The study's three sections: (1) analyze the macro prices of traded goods in Korea and Taiwan; (2) discuss three ways of compensating exporters for domestic price distortions - drawback schemes, export processing zones, and cross-subsidies for exports; and (3) explore two institutional innovations used to further the export drive: how exporting firms in both countries, with limited government assistance, overcame barriers to entering export markets, and how, in collaboration with private firms, the Korean government planned and oversaw that country's export drive. Three hypotheses concerning the impact of the policy regime on small and medium enterprises are developed which, the authors believe, should be the focus of future research.