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Industrial policy for the machine tool industries of South Korea and Taiwan

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  • Industrial policy for the machine tool industries of South Korea and Taiwan
  • Jacobsson, Staffan
  • Institute of Development Studies


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Title Industrial policy for the machine tool industries of South Korea and Taiwan
Similar Titles
Material Type Articles
Author(English)

Jacobsson, Staffan

Publisher

[Brighton, United Kingdom] : Institute of Development Studies

Date 1984-01
Journal Title; Vol./Issue IDS Bulletin:vol. 15(no. 2)
Pages 6
Subject Country South Korea(Asia and Pacific)
Taiwan(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < IT
Holding Institute of Development Studies
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Abstract

The machine tool industry, though a very small part of the metal-working industry2 in all countries, is nevertheless generally regarded as strategic: it produces the machines to make all other machines. This 'spider in the web' position of the machine tool industry has led many economic theorists and planners to give it central importance [eg Feldman 1965; Mahalanobis 1955/56; Raj and Sen 1961; Cooper l983]. This article discusses how industrial policy in South Korea (hereafter Korea) and Taiwan is helping the machine tool producing firms to improve their technological capabilities and move into the production of computer numerically controlled machine tools. The next section contains a brief outline of the character of technical change in the industry globally, and shows how the nature of competition has been changing. (The rest omitted)