Growth and Transformation

Successful industrial transformation requires the timely shift of competitive sectors. This book seeks to explore the role of domestic politics in the selection of industrial policy and the different patterns of industrial transformation in East Asia by focusing on the process of industrial transformation rather than the outcome of economic growth in aggregate terms. The approach taken in the book draws partly on earlier studies of industrial transformation, product cycle theory and statist theory, but combines and complements them by emphasizing the role of coalition in industrial policy and industrial transformation. The book applies coalition theory in three different aspects: international, intersectoral, and intrasectoral. It accounts for the role of domestic coalitions in explaining variation in industrial policy and industrial transformation between Korea and Taiwan; variation in industrial sector transformation over time in Korea; and variation within an industrial sector, the Korean electronics industry.