Overview

The book provides a comprehensive discussion of the controversial issue of industrial policy, drawing on some recent developments in economic theory in areas like political economy, institutional economics, industrial economics, and theories of technical progress. By integrating the analyses of political economy, economic institutions, and technical change into a single framework, the book offers policy conclusions which are of direct relevance to policy-makers. Drawing on the cases of Japan and Korea, the book also explores the economic and political conditions for the conduct of a successful industrial policy.

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9780333588628

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'Lucid, subtle and extremely well informed. It deserves to be widely read.' - John Toye

Author Information

HA-JOON CHANG teaches development economics and institutional economics at the Faculty of Economics and Politics, University of Cambridge. He has published many articles covering a wide range of subjects including the theories of the state, institutional economics, privatization, industrial policy, and the East Asian development experience. He has aslo edited two books, The Transformation of the Communist Economies: Against the Mainstream (with Peter Nolan, also from Macmillan) and The Role of the State in Economic Change (with Robert Rowthorn).

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