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The Role of the State in Economic Change$
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Ha-Joon Chang and Robert Rowthorn

Print publication date: 1995

Print ISBN-13: 9780198289845

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198289845.001.0001

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The State and Structural Change: What can be Learnt from the Successful Late Industrializes?  

The State and Structural Change: What can be Learnt from the Successful Late Industrializes?  

Chapter:
(p.137) 6 The State and Structural Change: What can be Learnt from the Successful Late Industrializes? 
Source:
The Role of the State in Economic Change
Author(s):

Juhana Vartiainen

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198289845.003.0006

This chapter deals with deciphering the secrets of state-led industrialisers like the East Asian countries of South Korea and Taiwan and the European countries of Finland and Austria. The arguments of this chapter tilt in favour of the interventionists and support the idea that state intervention can successfully work. This chapter is also concerned with the determinants of success of state interventionism. Another question to which the authors are interested is whether the miracles achieved by these industrialisers are replicable and can be applied to other developing countries. However, according to the authors, healthy scepticism must be applied in employing the state intervention used by these industrialisers. This chapter further deals with the implication of other economic theories surrounding these miracles made by industrialisers.

Keywords:   Taiwan, South Korea, Austria, Finland, state intervention, industrialisers

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