Publisher's Synopsis
One of the dominant debates concerning industrial policy in the Third World relates to the role of liberalization in improving industrial performance. This book contributes to the discussion by using unique firm-level data from the engineering industries in India and South Korea to chart the evolution of firms and industries during the liberalization process of the 1980s. By choosing contrasting case studies of the effects of liberalization on industrial performance, the authors draw lessons on the nature, timing and extent of state intervention required to foster internationally competitive firms in developing countries.
