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Industrial policy in export-oriented economies : Lessons from the experiences of Japan, South Korea and Taiwan

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  • Industrial policy in export-oriented economies
  • Patalinghug, Epictetus E.
  • Philippine Review of Economics


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Title Industrial policy in export-oriented economies
Similar Titles
Sub Title

Lessons from the experiences of Japan, South Korea and Taiwan

Material Type Reports
Author(English)

Patalinghug, Epictetus E.

Publisher

[Quezon]:Philippine Review of Economics

Date 1992-12
Journal Title; Vol./Issue Philippine Review of Economics and Business:Vol. 29(No. 2)
Subject Country Japan(Asia and Pacific)
South Korea(Asia and Pacific)
Taiwan(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Economy < Economic Administration
Holding Philippine Review of Economics

Abstract

The paper describes the experiences of Japan, South Korea and Taiwan in their successful export-oriented development. A comparison of industrial policies in these three economies indicates that their governments actively and consciously intervene to influence specific firms and industries. However, most export incentives were administrated uniformly across all industries. A the same time, incentives were granted based on output performance within a limited duration in an environment that encouraged policy reforms and market orientation. Some of the important lessons to be learned from the experiences of these three export-oriented economies are the involvement of the private sector in the promotion of exports and the establishment of a system of export targets.