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Import protection in newly industrializing economies : Comparing Brazil and Mexico with South Korea and Taiwan

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  • Import protection in newly industrializing economies
  • Bustelo, Pablo
  • Universidad Complutense de Madrid


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Title Import protection in newly industrializing economies
Similar Titles
Sub Title

Comparing Brazil and Mexico with South Korea and Taiwan

Material Type Reports
Author(English)

Bustelo, Pablo

Publisher

Madrid:Universidad Complutense de Madrid

Date 1996-12
Subject Country Brazil(Americas)
Mexico(Americas)
South Korea(Asia and Pacific)
Taiwan(Asia and Pacific)
Language English
File Type Link
Subject Economy < Financial Policy
Economy < Economic Administration
Holding Universidad Complutense de Madrid

Abstract

Contrary to the claims of many neo-classical economists, South Korea and Taiwan relied heavily on import protection throughout their industrialization since the 1960s. Like Brazil and Mexico, the Newly Industrializing Economies (NIEs) of East Asia used protection on infant industry grounds. But they also provided extensive protection to domestic industries in several novel ways that substantially departed from the types of strategy implemented in Latin America. In South Korea and Taiwan, protection was used to incubate export sectors, to enhance the competitiveness of production in world markets and to diversify the industrial structure. This protectionist path has proved to be very successful. (The rest omitted)