Industrial success and government intervention: searching for the links

Vol. 16 No. 1 (1996)

Jan-Mar / 1996
Published January 1, 1996
PDF-English
PDF-English

How to Cite

Moreira, Mauricio Mesquita. 1996. “Industrial Success and Government Intervention: Searching for the Links”. Brazilian Journal of Political Economy 16 (1):114-36. https://doi.org/10.1590/0101-31571996-0831.

Industrial success and government intervention: searching for the links

Mauricio Mesquita Moreira
Universidade Federal do Rio de Janeiro – UFRJ, Rio de Janeiro/RJ, Brasil.
Brazilian Journal of Political Economy, Vol. 16 No. 1 (1996), Jan-Mar / 1996, Pages 114-136

Abstract

The superiority of industrial performance in East Asian countries, particularly in
the face of their counterparts in Latin America, had a strong impact on the debate about the
relationship between state intervention and industrial performance. The structuralist paradigm
was quickly replaced by a new orthodoxy whose recipe for success is a minimalist state
and an open economy. This article seeks to show that, although the opening of the economy
is a fundamental ingredient, its complement is not a minimalist state, but an interventionist
one. Not the Latin American type, but one that restricts its actions to major market failures.

JEL Classification: F63; L52; O43.


Keywords: Industrialization Market failures industrial policy globalization liberalization