Getting Interventions Right: How South Korea and Taiwan Grew Rich

@inproceedings{Rodrik1994GettingIR,
  title={Getting Interventions Right: How South Korea and Taiwan Grew Rich},
  author={D. Rodrik},
  year={1994}
}
Most explanations of Korea's and Taiwan's economic growth since the early 1960s place heavy emphasis on export orientation. However, it is difficult to see how export orientation could have played a significant causal role in these countries' growth. The measured increase in the relative profitability of exports during the 1960s is too insignificant to account for the phenomenal export boom that ensued. Moreover, exports were initially too small to have a significant effect on aggregate… Expand

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