IDEAS home Printed from https://ideas.repec.org/a/taf/irapec/v13y1999i2p161-191.html
   My bibliography  Save this article

Industrial Interdependence Change in Chile: 1960-90 a comparison with Taiwan and South Korea

Author

Listed:
  • J. M. Albala-Bertrand

Abstract

There appears to be two main market-oriented policy-models of development: the Japanese Model (JM) and theWashington Consensus Model (WCM). Both stress the importance of, and are based on, macroeconomic stability, export-led development, and private sector initiative. There are, however, fundamental differences as regards the role of the market and the role of the government in development, and thereby the range of economic policies. The star performers, and therefore the main representatives of the Japanese Model are Taiwan and South Korea, while the star performer of theWashington Consensus is surely Chile. The question is whether the Chilean economy has developed a strong overall sectoral interdependence, and a sound manufacturing interdependence, as a basis for endogenous sustainability, as was already the case for both Taiwan and South Korea as early as the mid-1970s. This paper attempts to tackle this issue via sectoral linkage analysis, based on an input-output approach. The conclusion is that, whatever other successes from this wholesale experiment, the result in terms of both industrial interdependence and manufacturing industrialisation is weak and so far unpromising.

Suggested Citation

  • J. M. Albala-Bertrand, 1999. "Industrial Interdependence Change in Chile: 1960-90 a comparison with Taiwan and South Korea," International Review of Applied Economics, Taylor & Francis Journals, vol. 13(2), pages 161-191.
    • Handle: RePEc:taf:irapec:v:13:y:1999:i:2:p:161-191
    DOI: 10.1080/026921799101643
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/026921799101643
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/026921799101643?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Vittorio Corbo & Stanley Fischer, "undated". "Lessons from the Chilean Stabilization and Recovery," Documentos de Trabajo 158, Instituto de Economia. Pontificia Universidad Católica de Chile..
    2. Ramos, Joseph, 1997. "Neo-liberal structural reforms in Latin America: the current situation," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    3. Anne O. Krueger, 1978. "Foreign Trade Regimes and Economic Development: Liberalization Attempts and Consequences," NBER Books, National Bureau of Economic Research, Inc, number krue78-1.
    4. Manuel R. Agosin, 1997. "Export Performance in Chile: Lessons for Africa," WIDER Working Paper Series wp-1997-144, World Institute for Development Economic Research (UNU-WIDER).
    5. Teitel, Simon & Colman Sercovich, Francisco, 1984. "Latin America," World Development, Elsevier, vol. 12(5-6), pages 645-660.
    6. Stiglitz, Joseph E, 1996. "Some Lessons from the East Asian Miracle," The World Bank Research Observer, World Bank, vol. 11(2), pages 151-177, August.
    7. Chang, Ha-Joon, 1993. "The Political Economy of Industrial Policy in Korea," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 17(2), pages 131-157, June.
    8. Joseph E. Stiglitz, 1999. "More instruments and broader goals: moving toward the Post-Washington Consensus," Brazilian Journal of Political Economy, Center of Political Economy, vol. 19(1), pages 101-128.
    9. Sanjaya Lall, 1996. "Learning from the Asian Tigers," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-38989-2, December.
    10. Stiglitz, Joseph E & Uy, Marilou, 1996. "Financial Markets, Public Policy, and the East Asian Miracle," The World Bank Research Observer, World Bank, vol. 11(2), pages 249-276, August.
    11. Heimler, Alberto, 1991. "Linkages and Vertical Integration in the Chinese Economy," The Review of Economics and Statistics, MIT Press, vol. 73(2), pages 261-267, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. José M. Albala‐Bertrand & Emmanuel C. Mamatzakis, 2004. "The Impact of Public Infrastructure on the Productivity of the Chilean Economy," Review of Development Economics, Wiley Blackwell, vol. 8(2), pages 266-278, May.
    2. David Holland & Eugenio Figueroa B. & John Gilbert, 2001. "The Role of agriculture and food processing in the chilean economy: results from an input-output analysis," Estudios de Economia, University of Chile, Department of Economics, vol. 28(2 Year 20), pages 293-308, December.
    3. Jose Miguel Albala-Bertrand, 2006. "The Unlikeliness of an Economic Catastrophe: Localization & Globalization," Working Papers 576, Queen Mary University of London, School of Economics and Finance.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lall, Sanjaya & Teubal, Morris, 1998. ""Market-stimulating" technology policies in developing countries: A framework with examples from East Asia," World Development, Elsevier, vol. 26(8), pages 1369-1385, August.
    2. Albala-Bertrand, José Miguel, 2006. "Changes in Chile's production structure, 1986-1996: output and industrial interdependence," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
    3. Sanjaya Lall, 2013. "Reinventing Industrial Strategy: The Role Of Government Policy In Building Industrial Competitiveness," Annals of Economics and Finance, Society for AEF, vol. 14(2), pages 785-829, November.
    4. Shafaeddin, Mehdi, 2006. "Does trade openness helps or hinders industrialization?," MPRA Paper 4371, University Library of Munich, Germany.
    5. Shafaeddin, Mehdi, 2010. "Trade liberalization, industrialization and development; experience of recent decades," MPRA Paper 26355, University Library of Munich, Germany.
    6. Deepak Nayyar, 2006. "Development through Globalization?," WIDER Working Paper Series RP2006-29, World Institute for Development Economic Research (UNU-WIDER).
    7. Petra Dünhaupt & Hansjörg Herr, 2020. "Trade, Global Value Chains and Development: What Role for National Development Banks?," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 89(3), pages 9-33.
    8. Justin Yifu Lin, 2007. "Development and Transition : Idea, Strategy, and Viability," Development Economics Working Papers 22709, East Asian Bureau of Economic Research.
    9. Rod Cross & Douglas Strachan, 2001. "Three Pillars of Conventional Wisdom," Review of Political Economy, Taylor & Francis Journals, vol. 13(2), pages 181-200.
    10. Sanjaya Lall, "undated". "Selective Industrial and Trade Policies in Developing Countries: Theoretical and Empirical Issues," QEH Working Papers qehwps48, Queen Elizabeth House, University of Oxford.
    11. Lall, Sanjaya, 2000. "Export performance, technological upgrading and foreign direct investment strategies in the Asian newly industrializing economies: with special reference to Singapur," Desarrollo Productivo 4461, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    12. Pietrobelli C. & Puppato F., 2015. "Technology foresight and industrial strategy in developing countries," MERIT Working Papers 2015-016, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    13. Prema-Chandra Athukorala & Pang-Long Tsai, 2003. "Determinants of Household Saving in Taiwan: Growth, Demography and Public Policy," Journal of Development Studies, Taylor & Francis Journals, vol. 39(5), pages 65-88.
    14. Chang, Ha-Joon, 2000. "The Hazard of Moral Hazard: Untangling the Asian Crisis," World Development, Elsevier, vol. 28(4), pages 775-788, April.
    15. Guzman, Martin & Ocampo, Jose Antonio & Stiglitz, Joseph E., 2018. "Real exchange rate policies for economic development," World Development, Elsevier, vol. 110(C), pages 51-62.
    16. John Weeks, 2000. "Latin America and the 'high performing Asian economies': growth and debt," Journal of International Development, John Wiley & Sons, Ltd., vol. 12(5), pages 625-654.
    17. ., 2010. "Korea's Economic Policy in Transition: Evolution, Assessment and Future Direction," Chapters, in: The Korean Economy in Transition, chapter 1, Edward Elgar Publishing.
    18. Sanjaya Lall, "undated". "The Technological Structure and Performance of Developing Country Manufactured Exports, 1985-1998," QEH Working Papers qehwps44, Queen Elizabeth House, University of Oxford.
    19. Sanjaya Lall, "undated". "Comparing National Competitive Performance: An Economic Analysis of World Economic Forum's Competitiveness Index," QEH Working Papers qehwps61, Queen Elizabeth House, University of Oxford.
    20. Andrew Sumner, 2006. "Why Are We Still Arguing about Globalisation," Working Papers id:538, eSocialSciences.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:irapec:v:13:y:1999:i:2:p:161-191. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/CIRA20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.