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The maturation and growth of infant industries : The case of Korea

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  • The maturation and growth of infant industries
  • Lee, Jaymin
  • Elsevier Science Ltd


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Title The maturation and growth of infant industries
Similar Titles
Sub Title

The case of Korea

Material Type Articles
Author(English)

Lee, Jaymin

Publisher

[London]:Elsevier Science Ltd

Date 1997
Journal Title; Vol./Issue World Development:vol. 25(no. 8)
Pages 11
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Original Format pdf
Subject Economy < Macroeconomics
Industry and Technology < General
Holding Elsevier Science Ltd

Abstract

This paper first shows that, contrary to evidence from most developing countries, Korean infant industries under protection have tended to mature. It also shows that output grows faster in infant industries than in mature ones. The paper then discusses probable factors that have made the maturation and growth of infant industries possible in Korea. Overall, the empirical evidence and its interpretation support the “revisionist” rather than neoclassical or “market friendly” view in the recent debate on East Asian industrialization.