Industrialization, Trade and Market Failures

Download or read book Industrialization, Trade and Market Failures written by Mauricio Mesquita Moreira and published by Springer. This book was released on 1995-01-12 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book challenges the established, neoclassical view of industrial success in developing countries. By re-examining 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.