Industrialization, Trade and Market Failures: The Role of Government Intervention in Brazil and South Korea

by Mauricio Mesquita Moreira

Overview

This book challenges the established, neoclassical view of industrial success in developing countries. By re-examining the role of government intervention in the industrialization of Brazil and South Korea, it seeks to show that the key to industrial success does not lie in a simple combination of outward-orientation and laissez-faire, but in the government's success in remedying crucial market failures in the product and factor markets.

Product Details

ISBN-13:	9781349237005
Publisher:	Palgrave Macmillan UK
Publication date:	01/12/1995
Edition description:	1st ed. 1995
Pages:	227
Product dimensions:	5.51(w) x 8.50(h) x (d)

Table of Contents

List of Tables - Foreword; S.Lall - Acknowledgements - List of Acronyms and Initials - Introduction - The Theoretical Background - Republic of Korea - Brazil - Summary and Conclusions - Appendix - References - Index

Editorial Reviews

Moreira (development economics, U. of Rio de Janeiro) challenges the neoclassical view of industrial success in developing countries. Citing the cases of Brazil and South Korean, he argues that a combination of outward-orientation and laissez-faire, though important, is not enough, unless the government is prepared to intervene when necessary to remedy crucial market failures. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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