Industrialization, Trade and Market Failures - Role of Government Intervention in Brazil and South Korea (Hardcover)

Challenging the established, neoclassical view of industrial success in developing countries, this book re-examines the role of government intervention in the industrialization of Brazil and South Korea. It seeks to show that the key to industrial success does not lie in a simple combination of outward-orientation and "laissez-faire", but in the government's success in remedying crucial market failures in the product and factor markets.