Industrial Development Policies in the Context of Global Value Chains—The Case of Electronics Industry in East Asia
State-led industrialization used to be an important way for some East Asian economies to achieve economic catch-up,but there is still no consensus on whether"East Asian-style"industrial policies are still applicable under the changes brought about by the global value chain.Based on the new classification framework,this paper discusses the importance and feasibility of the industrial policies adopted by South Korea,Taiwan,and Singapore in the context of the global value chain,and then uses the East Asian electronics industry,which has a deep international division of labor earlier,as an example to verify the conclusion.The results show that in the era of global value chains,the independent policies(using foreign investment and international markets to enhance local competitiveness)that have been successful in the three places are still a prerequisite for the sustainable development of industries in late-developing countries("still important");however,With the incentives for multinational corporations to transfer technology greatly reduced and the ability to set up barriers increased significantly,autonomous policies require a larger and longer-term perspective of resource investment to be successful("but harder").Looking into the future,digital technology and the competition of major powers have brought new challenges,and China has the potential to become a booster for the industrial development of late-developing countries.
Industrial DevelopmentGlobal Value ChainElectronics IndustrySoutheast Asian Economy
NETL
NSTL
万方数据
