Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/324085 
Year of Publication: 
2023
Citation: 
[Journal:] PSL Quarterly Review [ISSN:] 2037-3643 [Volume:] 76 [Issue:] 305 [Year:] 2023 [Pages:] 155-180
Publisher: 
Associazione Economia civile, Rome
Abstract: 
The present research aims to analyze two archetypal 20th century development strategy cases: Brazil's and South Korea's. During the last century, both countries had been experiencing catching up processes, but by the 1980's Brazil started to lag behind while South Korea began to technologically and productively forge ahead. In light of this, this paper sustains that industrial policy choices and distinct institutional arrangements, set during the initial years of each country's late industrialization process, were responsible for defining their different long term economic trajectories. A dialogue with Amsden's work (2001) is proposed, through which we discuss her industrial policy bifurcation hypothesis regarding the so-termed countries of the "rest" in the 1980's. By electing two emblematic members of such group, we seek to show how industrial policy choices made in the past still condition the two countries' economic trajectories, especially so with regards to the degree with which knowledge intensive assets have been accumulated.
Subjects: 
Brazil
industrial policy
institutional hysteresis
late industrialization
South Korea
JEL: 
O43
O14
O33
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.