Research on industrial policy has taken off,leading to a better understanding of when such policies effectively harness economic development.This article reviews the recent literature on the economics of industrial po...Research on industrial policy has taken off,leading to a better understanding of when such policies effectively harness economic development.This article reviews the recent literature on the economics of industrial policies.Until recently,empirical studies on industrial policies came largely in one of two types:detailed country/region studies and cross-industry or cross-country econometric studies.I point out that the country/region studies had the usual problem that it was difficult to trace the effects of success to specific industrial policies,while the econometric studies suffered from the problem of misspecification.I show that a new generation of work has been moving us beyond the largely ideological debates of the past to a more contextual,pragmatic understanding.展开更多
This paper briefly reviews the economic performance of China's economic reform starting in 1978, and which it presents personal views on the experiences of Korea 's economic development and lessons for China's econ...This paper briefly reviews the economic performance of China's economic reform starting in 1978, and which it presents personal views on the experiences of Korea 's economic development and lessons for China's economic reform. The paper reviews the China- Korea economic relationship, and explores both the opportunities of China's economic development for Korea and the prospeets for Bilateral Economic cooperation. It is estimated that the Chinese economy will maintain dynamic growthJbr the coming decade. The 2008 Olympic Games and the 2010 Worm Expo in China will provide further impetuses for Chinese economic development. China's huge market and its rapid economic growth can help the further recovery and development of the Korean economy. At the same time, the .further development of the Chinese economy can benefit from financial, technical and managerial supportfrom Korea. The eomplementarities between the industrial structures of China and Korea will surely push their future economic cooperation into a broader and deeper stage. Bilateral trade will enhance the competitiveness of both nations in the global market and help them achieve mutual prosperity and development.展开更多
文摘Research on industrial policy has taken off,leading to a better understanding of when such policies effectively harness economic development.This article reviews the recent literature on the economics of industrial policies.Until recently,empirical studies on industrial policies came largely in one of two types:detailed country/region studies and cross-industry or cross-country econometric studies.I point out that the country/region studies had the usual problem that it was difficult to trace the effects of success to specific industrial policies,while the econometric studies suffered from the problem of misspecification.I show that a new generation of work has been moving us beyond the largely ideological debates of the past to a more contextual,pragmatic understanding.
文摘This paper briefly reviews the economic performance of China's economic reform starting in 1978, and which it presents personal views on the experiences of Korea 's economic development and lessons for China's economic reform. The paper reviews the China- Korea economic relationship, and explores both the opportunities of China's economic development for Korea and the prospeets for Bilateral Economic cooperation. It is estimated that the Chinese economy will maintain dynamic growthJbr the coming decade. The 2008 Olympic Games and the 2010 Worm Expo in China will provide further impetuses for Chinese economic development. China's huge market and its rapid economic growth can help the further recovery and development of the Korean economy. At the same time, the .further development of the Chinese economy can benefit from financial, technical and managerial supportfrom Korea. The eomplementarities between the industrial structures of China and Korea will surely push their future economic cooperation into a broader and deeper stage. Bilateral trade will enhance the competitiveness of both nations in the global market and help them achieve mutual prosperity and development.