ECON 4630

Industrial Policy

Course Description

Course information provided by the Courses of Study 2015-2016.

Highlights of the course include (1) the role of the state in an industrial society; the drive for industrialization; the prevention of de-industrialization; the views of the Nobelists-Friedman, the Libertarian vs. North, the institutionist; the original intent of laissez-faire; (2) the major debates-the pros and cons of the Washington Consensus ("liberalization"); IMF and "conditionality;" market failure vs. government failure as roots for crises; (3) the East Asian episodes; Komiya on the Japanese MITI-early successes/recent problems; Linsu Kim about Korean policy-are subsequent difficulties the necessary price for the early triumphs?; industrial policy without protectionism (the cases of Singapore and Pennan, Malaysia)-viable approaches under the WTO rules; (4) present developments and implications; trade frictions (the export expansion of the PRC); environmental concerns.

When Offered Fall.

Prerequisites/Corequisites Prerequisite: ECON 3030.

Distribution Category (SBA-AS)

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