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005 | 20240307181309.0 | ||
008 | 100416s1993 dcu||||| |||| 00| 0 eng d | ||
020 | _a0821324144 | ||
040 |
_aarcduce _carcduce |
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082 | 0 | _a338.9519 | |
100 | _aLeipziger, Danny M | ||
245 | 1 | 0 |
_aKorean industrial policy : _blegacies of the past and directions for the future / _cDanny M. Leipziger, Peter A. Petri. |
260 |
_aWashington, D.C. : _bWorld Bank, _c1993 |
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300 |
_aix, 41 p. : _bil. |
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490 | 0 |
_aWorld Bank discussion papers ; _vno. 197 _x0259-210X |
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504 | _aIncluye bibliografía. | ||
505 | 0 | _aIntroduction -- The industrial policy menu -- Korea's industrial policy environment -- Korean industrial policy in the 1990s -- Toward a new business-government compact -- References -- Tables. | |
520 | _aKorean 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. | ||
650 | 4 |
_aPOLITICA INDUSTRIAL _91837 |
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650 | 4 |
_aDESARROLLO ECONOMICO _9515 |
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651 | _aCOREA R | ||
651 | _aCOREA RPD | ||
653 | 4 | _aESTRATEGIA INDUSTRIAL | |
700 | _aPetri, Peter A | ||
942 |
_cLIBR _j338.9519 L 48072 _2ddc |
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999 |
_c16978 _d16978 |