scholarly journals Financing Industrial Development in Korea and Implications For Africa

2019 ◽  
pp. 548-570
Author(s):  
Keun Lee
Keyword(s):  
Industrial Policy ◽  
Industrial Development ◽  
Digital Tv ◽  
Financial Control ◽  
Development Bank ◽  
Capability Building ◽  
The Government ◽  
Role Of The Government

This chapter examines the implications of Korea’s industrial policy and financing for African economies that are trying to build their industrial bases. It considers industrial policy as essentially building the capabilities of private firms to sustain long-term economic growth and looks at the role of the government or industrial policy in this process of capability building. The chapter first provides an overview of the financial systems and industrial policy in Korea, focusing on the nature of financial control by the government and the roles and evolution of key development banks such as the Korea Development Bank. It then discusses three episodes of industrial policy and financing in these cases involving POSCO, targeted development of bottleneck technologies for small and medium-sized enterprises (SMEs), and leapfrogging into digital TV since the mid-1990s. Finally, it assesses the significance of the Korean experience for Africa, especially with regards to export manufacturing and resource-based development.

Intervention by Outsiders: A Strategic Management Perspective on Government Industrial Policy

1993 ◽  
Vol 13 (1) ◽  
pp. 69-88 ◽  
Author(s):  
Romano Dyerson ◽  
Frank Mueller
Keyword(s):  
Public Policy ◽  
Strategic Management ◽  
Industrial Policy ◽  
Financial Control ◽  
Firm Level ◽  
Policy Makers ◽  
Management Perspective ◽  
British Experience ◽  
The Government

ABSTRACTAs the debate throughout the eighties has concluded, the efforts of governments to intervene at the firm level has largely been disappointing. Using two examples drawn from the British experience, Rover and Inmos, this paper offers an analysis as to why the Government has encountered difficulties when it has sought to intervene in a strategic fashion. Essentially, public policy makers lack adequate mechanisms to intervene effectively in technology-based companies. Locked out of the knowledge base of the firm, inappropriate financial control is imposed which reinforces the ‘outsider’ status of the Government. Having addressed the limitations of strategic intervention, the paper, drawing on the comparative experience of other countries, then goes on to address how this policy boundary might be pushed back in the long term.

The Changing Role of the State in High-Tech Industrial Development: The Experience of Hong Kong

1994 ◽  
Vol 12 (4) ◽  
pp. 449-472 ◽  
Author(s):  
A G-O Yeh ◽  
M K Ng
Keyword(s):  
Hong Kong ◽  
Industrial Policy ◽  
Industrial Development ◽  
Active Role ◽  
High Tech ◽  
Economic Activities ◽  
Role Of The State ◽  
Challenges And Opportunities ◽  
The Government

This paper is an examination of the role of the Hong Kong government vis-à-vis governments in Japan and other Asian newly industrialized economies (NIEs) in high-tech industrial development. It is argued that, whereas governments of Japan and other Asian NIEs have played very important roles in facilitating industrial restructuring, the Hong Kong government has so far refrained from direct participation in industrial development. Although the Hong Kong government has assumed an important position in the course of economic development in the territory, especially in terms of land-related economic activities, it has little vested interest and experience in directing industrial developments. It was not until the 1990s that the government switched from a ‘positive nonintervention’ to a ‘minimum intervention with maximum support’ industrial policy and began to play a more active role in facilitating industrial upgrading. The effectiveness of the changing industrial policy and the prospects for high-tech development in the territory are reviewed by examining the challenges and opportunities faced by the Hong Kong government in facilitating high-tech industrial development.

scholarly journals Panamá

2015 ◽  
Vol 3 (1) ◽  
pp. 47-66
Author(s):  
Eloy Fisher
Keyword(s):  
International Commerce ◽  
Macroeconomic Conditions ◽  
Social Fields ◽  
Key Sectors ◽  
The Mean ◽  
The Government ◽  
Role Of The Government ◽  
Fiscal Prudence

Este documento de posición analiza el crecimiento y la inflación en Panamá. Panamá experimenta un círculo virtuoso económico entre una tasa balanceada y sostenible de crecimiento a largo plazo y ni-veles moderados de inflación, fenómeno que los economistas denominan la coincidencia divina. A futuro, con el repliegue gradual del rol del Estado en aras de fortalecer la actividad del sector privado, se dan las condiciones macroeconómicas para mantener y recrear tal coincidencia como la nueva si-tuación normal de la economía panameña. La diversificación de la economía, la prudencia macro-fiscal, perspectivas favorables de crecimiento en sectores claves (como lo son las utilidades públicas, minas y canteras, y transporte, almacenamiento y comunicaciones —sectores a su vez dependientes del comercio internacional y la exportación de servicios) y la reversión a la media de la inflación, incluso a pesar de la incertidumbre económica internacional y geopolítica, constituyen pilares sólidos sobre los cuales descansa la actividad económica y el modelo de desarrollo del país. Se concluye con advertencias sobre el posible agotamiento del modelo de gasto discrecional en materia social, ya que los réditos de estas intervenciones han perdido potencia y en la medida que no se re-enfoquen, podrían trastocar el delicado equilibrio necesario para mantener y enraizar la coincidencia divina a nivel eco-nómico. Por eso, se concluye que la mejor política hoy en día debe ser prudente y cautelosa, y enfocada a generar capital social. This position paper analyzes the growth and inflation in Panama. Panama experiences a virtuous circle for economy: a balanced and sustained rate of long-term growth, and moderate levels of inflation. This phenomenon is what economists call the divine coincidence. As the role of the Government withdraws gradually, in order to strengthen the activity of the private sector, the macroeconomic conditions to sustain and recreate such coincidence as the new normal situation of the Panamanian economy will emerge. The diversification of the economy, the macro-fiscal prudence, the favorable perspectives of growth in key sectors (such as public utilities, mines and quarries, and transport, storage and communications; which are sectors that depend upon international commerce and service exports), and the mean reversion of inflation —even despite the economic and geopolitical uncertainties— are the cornerstones upon which the economic activity and the development model of the nation lay. Warnings about the possible wears of the model of discretionary expenditure in social fields, since the revenues of these interventions have lost power. If there is no shift in the focus of these interventions, they could disrupt the delicate balance needed to maintain and strengthen the divine coincidence at the economic level. Thus, the best policy today must be prudent, cautious and focused to develop social capital.

scholarly journals THE “HIDDEN“ ROLE OF THE STATE IN DIFFERENT APPROACHES ON COMPETITIVENESS (THEORETICAL COMPARISON)

2021 ◽  
Vol 17 (1) ◽  
pp. 65-73
Author(s):  
Hristina Dobreva
Keyword(s):  
Political Science ◽  
Social Adjustment ◽  
Resource Depletion ◽  
Theoretical Comparison ◽  
Role Of The State ◽  
The Social ◽  
The Government ◽  
Role Of The Government

From the perspective of political science the paper is a comparative overview of some of the main approaches on competitiveness. The focus is on their strengths and weaknesses in the explanation of the role of the government. Yet the paper compares some of the more recent authors as Porter, Reich, Thurow, Ohmae and Strange. The implication is that government intervention is still needed to provide both sustainable competitiveness (Strange) (modesty as opposed to resource depletion) and social adjustment (jobs) to innovation in the long-term dynamic picture (Porter) because government is still at the basis of the welfare pyramid (Thurow). I start with the authors’ assumptions and proceed with their view on the role of the government to conclude that this role is underestimated in the social and overestimated in the business sphere.

Will a New Model of Economic GrowthTake Place in Russia?

2013 ◽  
pp. 4-39 ◽  
Author(s):  
Y. Yasin ◽  
N. Akindinova ◽  
L. Yakobson ◽  
A. Yakovlev
Keyword(s):  
Current Model ◽  
New Model ◽  
Government Sector ◽  
Gdp Growth Rate ◽  
New Business ◽  
The Government ◽  
The Moment ◽  
Role Of The Government

Given the present level of institutional quality and the significant role of the government sector in the economy, the Russian Federation has depleted the potential of the current model of growth which is based on commodity exports. The dramatic deceleration of the GDP growth rate down to less than 2% in the end of 2012 and the beginning of 2013 bears the evidence to this proposition. At the moment, the government considers the choice between expansionist and conservative scenarios, which both lie on the assumption of long-term conservation of existing imperfect institutions. However, according to our estimates, it is impossible to create a new model of growth ignoring the role of private initiative, healthy institutions of market economy and investment in human capital. We distinguish two groups that are increasing their influence nowadays and can potentially become the driving force of a new model of Russian economic growth: “new business”, dynamic companies that are oriented at the development in the market conditions but lack incentive to invest within existing institutional framework; “new bureaucracy”, consisting of progressive regional elites, who are interested in the development of their area, and efficient professionals of the federal level.

scholarly journals Iron triangles and subsidies: understanding the long-term role of the government on Swedish commercial fisheries

2019 ◽  
Vol 24 (4) ◽  
Author(s):  
Jonas Hentati-Sundberg ◽  
Katharina Fryers Hellquist ◽  
Andreas Duit
Keyword(s):  
Commercial Fisheries ◽  
The Government ◽  
Role Of The Government

The Role of the Government Actuary's Department in Social Security in the United Kingdom

2001 ◽  
Vol 7 (5) ◽  
pp. 765-790 ◽  
Author(s):  
C.D. Daykin
Keyword(s):  
United Kingdom ◽  
Social Security ◽  
Insurance Fund ◽  
The United Kingdom ◽  
National Insurance ◽  
The Social ◽  
The Government ◽  
Role Of The Government

ABSTRACTThe Government Actuary's Department (GAD) came into being in 1919, originally arising from the perceived importance of applying actuarial skills to the financing of the United Kingdom social security system. Whilst the GAD has changed considerably over the years, and now operates as a publicly owned consulting firm, social security and related policy and regulatory advice remain at the core of the Government Actuary's role. This paper explores the nature of the role of the GAD in the social security area, and provides examples of the scope of GAD reports on the long-term finances of the National Insurance Fund. A brief description is given of some of the other areas of GAD's work.

On retroeconomy

2017 ◽  
pp. 148-159
Author(s):  
V. Papava
Keyword(s):  
Developing Countries ◽  
Detrimental Effect ◽  
International Competition ◽  
The World ◽  
The Government ◽  
Role Of The Government

This paper analyzes the problem of technological backwardness of economy. In many mostly developing countries their economies use obsolete technologies. This can create the illusion that this or that business is prosperous. At the level of international competition, however, it is obvious that these types of firms do not have any chance for success. Retroeconomics as a theory of technological backwardness and its detrimental effect upon a country’s economy is considered in the paper. The role of the government is very important for overcoming the effects of retroeconomy. The phenomenon of retroeconomy is already quite deep-rooted throughout the world and it is essential to consolidate the attention of economists and politicians on this threat.

scholarly journals La décentralisation de l'aménagement du territoire : mythe ou réalité?

2005 ◽  
Vol 27 (2) ◽  
pp. 355-370
Author(s):  
Jane Matthews Glenn
Keyword(s):  
Land Use ◽  
Land Use Planning ◽  
The Government ◽  
Role Of The Government ◽  
Planning Authority

This paper examines the tension between centralizing and decentralizing forces in systems of land use planning. Its thesis, drawn from the LaHaye Report, is that the degree of centralization of the system is directly proportional to the breadth of jurisdiction of the planning authority. While Quebec's system of land use planning is reputed to be decentralized and political, the author questions whether this assessment is correct. The role of the government under the Land Use Planning and Development Act and other specialized legislation is more in accordance with the centralized and technocratic systems advocated in earlier Quebec proposals for land use planning. This conclusion is reinforced by a consideration of the suggestions put forward in Le Choix des régions and their present-day application.

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