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The changing conception of industrial policymaking in korea
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- Authors
- Issue Date
- 1989
- Citation
- Korean Journal of Policy Studies, Vol.4, pp. 17-43
- Abstract
- The conception of industrial policymaking in any country reflects its peculiar political,
economic, and social context. As political and economic democratization proceeds in
Korea, many important changes in industrial policymaking have recently taken place. But
its fundamental change has been resulted from a coherent industrial policy reform undertaken
during the early years of Chun's regime to correct policy failures and legacies left
by the highly politicized heavy industrialization drive in the 1970s. It would be now fair
to say that Korean industrial policy has come to bear a closer semblance to that of
advanced industrialized countries. The concept of industrial targeting, which has long
dominated the industrial policymaking in Korea, seems to have lost its traditional luster.
On the other hand, political influence has begun to overshadow technocratic judgments in
the making of industrial policy.
- ISSN
- 1225-5017
- Language
- English
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