The East Asian Industrial Policy Experience: Implications for the Middle East

30 Pages Posted: 29 Dec 2005

See all articles by Marcus Noland

Marcus Noland

Peter G. Peterson Institute for International Economics; East-West Center

Howard Pack

University of Pennsylvania - Management Department; University of Pennsylvania - Business & Public Policy Department

Date Written: December 2005

Abstract

Japan, South Korea, and Taiwan are regarded as primary examples of countries that have derived great benefits from increasing integration with the international economy, without surrendering national autonomy in the economic or cultural spheres, by pursuing decidedly nonneutral policies with respect to the promotion of specific sectors and activities. This working paper addresses a series of questions in an attempt to assess the relevance of their experiences for the contemporary Middle East: Was industrial policy a major source of growth in these three economies? Can these outcomes be duplicated in the Middle East today, or do special circumstances or changes in the international policy environment prevent replication of the East Asian experience? Given the revealed costs and benefits, is replication advisable? And, if not, are there other, positive lessons that Middle Eastern countries can derive from the experiences of the East Asians?

Keywords: industrial policy, Asia, Middle East

JEL Classification: L5, O38, O14

Suggested Citation

Noland, Marcus and Pack, Howard, The East Asian Industrial Policy Experience: Implications for the Middle East (December 2005). Institute for International Economics Working Paper No. 05-14, Available at SSRN: https://ssrn.com/abstract=871784 or http://dx.doi.org/10.2139/ssrn.871784

Marcus Noland

Peter G. Peterson Institute for International Economics ( email )

1750 Massachusetts Avenue, NW
Washington, DC 20036
United States

East-West Center ( email )

1601 East-West Road
Honolulu, HI 96848-1601
United States

Howard Pack (Contact Author)

University of Pennsylvania - Management Department ( email )

The Wharton School
Philadelphia, PA 19104-6370
United States

University of Pennsylvania - Business & Public Policy Department ( email )

3641 Locust Walk
Philadelphia, PA 19104-6372
United States

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