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Industrial policy and development in Korea (Inglês)

This study is an examination in depth of Korea's industrial incentive policies from 1955 to 1975. It begins with a brief history of Korea's industrial policies, followed by a discussion of historical trends in the real effective exchange rates for exports and imports. Estimates of nominal and effective incentive rates for 1968 are then presented and analyzed in detail, after which the changes that have taken place in the structure of Korea's trade and production are quantified and related to its industrial incentive policies. The essay concludes with a summary of the principal findings in the form of an evaluation of Korea's industrial development performance.


  • Autor

    Westphal,L., Kim,Sarah K.

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  • TIpo de documento

    Documento de trabalho sobre o pessoal

  • No. do relatório


  • Nº do volume


  • Total Volume(s)


  • País

    Coréia, República da

  • Região

    Leste Asiático e Pacífico,

  • Data de divulgação


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  • Nome do documento

    Industrial policy and development in Korea

  • Palavras-chave

    real effective exchange rate; input-output table; nominal effective exchange rate; agency for international development; real per capita income; exempt from customs duty; direct tax on income; balance of payment crisis; tariff exemption; official exchange rate; wholesale price index; export incentive; preferential interest rate; foreign exchange certificate; commercial bank lending; multiple exchange rate; foreign exchange receipts; exemption from payment; direct tax rate; manufactured products; purchasing power parity; nominal protection rate; average rural income; free trade regime; world market price; incentive policy; rise and fall; share of export; fixed exchange rate; time series data; number of attempts; foreign exchange use; tariff on import; tariff import; medium term credit; average urban income; country of origin; export of goods; export oriented industrialization; machinery and equipment; bank lending rate; quantitative import restriction; economically active population; economies of scale; overvalued exchange rate; natural resource base; foreign exchange rate; finished consumer goods; rapid economic development; commercial bank deposit; indirect tax rate; domestic saving rate; real interest rate; average customs duty; income tax purpose; rate of growth; cost of import; business income tax; direct cash payment; electricity generating capacity; exchange rate index; dollar exchange rate; sale of good; exchange rate adjustment; medium term loan; import substitution strategy; import control; Exchange Rates; domestic sale; tariff equivalent; manufactured export; industry group; raw material; effective subsidy; Industrial Policies; merchandise export; free market; capital good; nominal rate; Industrial Policy; advance deposit; industrial incentive; indirect export; tariff rate; interest subsidy; price incentive; accelerated depreciation; export market; export earnings; constant price; imported inputs; overseas markets; working capital; parity index; average share; real value; national income; credit subsidy; cash subsidy; Tax Exemption; real wage; price reduction; time sery; incentive mechanism; Economic Policy; profit rate; relative value; frequency distribution; imported intermediate; import license; domestic demand; immediate access; the administration; private saving; low tariff; government revenue; finished goods; several times; bidding procedures; high ratio; direct subsidy; Direct Subsidies; tax system; Trade Policies; high tariff; Trade Policy; economic instability; export proceeds; food grain; luxury items; reduced tariffs; export credit; import quota; unrestricted access; existing capacity; production cost; free access; destination principle; tax neutrality; new market; market fluctuation; fixed investment; principal export; quantitative assessment; incentive system; net result; deposit requirement; import demand; payment requirements; administrative decree; tariff reform; credit ceiling; automatic tariff; domestic price; foreign price; money market; credit rationing; outstanding debt; equilibrium rate; domestic industry; outstanding credit; overseas supplier; military force; tariff revenue; tax liability; export subsidies; export subsidy; preferential treatment; rail transport; Public Utilities; export production; preferential access; implicit interest; incentive scheme; domestic production; business expense; increasing exports; domestic inflation; exchange regime; durable good; Durable goods; investment rate; price stabilization; government expenditure; export targets; tariff structure; restricted import; trade control; preferential credit; project identification; promotional activity; target system; monitoring progress; export promotion; foreign country; trade mission; export performance; institutional incentive; new commodity; monopoly right; profit margin; manufacturing sector; industrial growth; colonial administration; present study; several countries; output growth; development performance; trade share



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