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Industrial success and government intervention: searching for the links

Author

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  • Mauricio Mesquita Moreira

Abstract

The superiority of industrial performance in East Asian countries, particularly inthe face of their counterparts in Latin America, had a strong impact on the debate about therelationship between state intervention and industrial performance. The structuralist paradigmwas quickly replaced by a new orthodoxy whose recipe for success is a minimalist stateand an open economy. This article seeks to show that, although the opening of the economyis a fundamental ingredient, its complement is not a minimalist state, but an interventionistone. Not the Latin American type, but one that restricts its actions to major market failures. JEL Classification: F63; L52; O43.

Suggested Citation

  • Mauricio Mesquita Moreira, 1996. "Industrial success and government intervention: searching for the links," Brazilian Journal of Political Economy, Center of Political Economy, vol. 16(1), pages 114-136.
    • Handle: RePEc:ekm:repojs:v:16:y:1996:i:1:p:114-136:id:1195
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    More about this item

    Keywords

    Industrialization; Market failures; industrial policy; globalization; liberalization;
    All these keywords.

    JEL classification:

    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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