Korean industrial policy : legacies of the past and directions for the future / Danny M. Leipziger, Peter A. Petri.
Tipo de material: TextoSeries World Bank discussion papers ; no. 197Detalles de publicación: Washington, D.C. : World Bank, 1993Descripción: ix, 41 p. : ilISBN:- 0821324144
- 338.9519
Tipo de ítem | Biblioteca actual | Signatura topográfica | URL | Estado | Fecha de vencimiento | Código de barras | |
---|---|---|---|---|---|---|---|
Libro | Biblioteca Manuel Belgrano | 338.9519 L 48072 (Navegar estantería(Abre debajo)) | Enlace al recurso | Disponible | 48072 |
Navegando Biblioteca Manuel Belgrano estanterías Cerrar el navegador de estanterías (Oculta el navegador de estanterías)
338.95 P 46325 The East Asian dilemma : restructuring out or growing out? / | 338.95 S 39830 Beyond adjustment : the Asian experience / | 338.95125 D 48636 Hong Kong, China growth, structural change, and economic stability during the transition / | 338.9519 L 48072 Korean industrial policy : legacies of the past and directions for the future / | 338.95195 C 41430 Structural adjustment in a newly industrialized country : the Korean experience / | 338.95195 D 48071 Korea and the knowledge-based economy : | 338.95195 L 40683 Models of development : a comparative study of economic growth in South Korea and Taiwan / |
Incluye bibliografía.
Introduction -- The industrial policy menu -- Korea's industrial policy environment -- Korean industrial policy in the 1990s -- Toward a new business-government compact -- References -- Tables.
Korean industrial policy, which has guided the Korean economy through nearly three decades of spectacular growth, is showing its age. The policy has not been adjusted fully to the new challenges facing the economy, and it has not recognized the obsolescence of its key instruments. This paper argues that the time has come to disengage the government from managing the economy ' s structural development and to adopt a new compact to delineate the responsibilities of business and government. Under this compact, responsibility for allocating investable funds would be shifted fully to the industrial and financial sectors, but at the price of greater competitive discipline and regulatory oversight. Establishing this new framework presents an enormous challenge to policy. In addition to complexities of the transition, the government will have to maintain macroeconomic stability and the momentum of savings and investment, tackle the new market failures associated with Korea ' s rising technological level, and develop new institutions to increase the flow of information, reduce conflict, and ensure the equitable sharing of the fruits of economic progress. In coming to concrete policy recommendation concerning financial sector reform, the role of the chaebol (Korean conglomerates), and the emerging new role of the state as epitomized by Korea ' s legendary bureaucracy, the paper reviews Korea ' s industrial policy environment and the experiences of other more developed economies.
No hay comentarios en este titulo.