South Korea and Taiwan: Notes on industrial policy

Abstract

This piece is concerned about the industrial policies enacted by South Korea
and Taiwan after WWII. We order our presentation into three main topics: i) strong state
interventionism; ii) differences between the two, Taiwan with strong presence of state-led
productive sector and fragmented private capital, while in South Korea there is higher presence
of heavy and high-tech industries and private conglomerates; iii) the advances and
obstacles in this decade.

JEL Classification: O25; O14; F52.