콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Trade
Economy Direct Investment
Industry and Technology

Print

An overview of industrial policies in IRAN and Korea in 1960-2012

Related Document
Frame of Image
  • An overview of industrial policies in IRAN and Korea in 1960-2012
  • Zonooz, Behrooz Hady
  • The Association of Korean Economic Studies


link
Title An overview of industrial policies in IRAN and Korea in 1960-2012
Similar Titles
Material Type Reports
Author(English)

Zonooz, Behrooz Hady

Publisher

Seoul, South Korea : The Association of Korean Economic Studies

Date 2013-06
Subject Country South Korea(Asia and Pacific)
Iran(Middle East)
Language English
File Type Link
Subject Economy < Trade
Economy < Direct Investment
Industry and Technology
Holding The Association of Korean Economic Studies
License

Abstract

Primary objective of this paper is to explain why Korea has been successful in economic growth and industrial transformation while Iran has failed in this area. To explain the different performances of the two countries, we have looked at their initial level of industrialization, nature of political regimes and economic institutions, trade and industrial policies in the two countries. Our conclusions are as follows: First, before 1960s, the level of per-capita GDP and industrial development in Korea was well above Iran, and Korea was better placed for long term growth and industrial development, than Iran. Second, in the period 1960-1977, political regimes, planning organization and baking system were similar in both countries, and despite the fact that Korea adopted export oriented policy and Iran adopted import substitution policy, the economic growth and industrial development in Korea and Iran were quite high, compared to the other developing countries. Third, in the period 1980-2012 Korean government liberalized its trade and FDI regimes, gave more role to markets and modified its industrial policies to facilitate entry of Korean economy to the knowledge based economy.