Polity Atlas
TheorySource attached · not independently reviewedCLM-1164 · as of 2026-10-30 · about: Developmental state · Author: Polity Atlas editorial team

“Amsden argued that South Korea industrialised by deliberately getting relative prices 'wrong' through subsidies and protection, while disciplining the conglomerates that received them with performance standards, especially export targets.”

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Context

Governing the Market: Economic Theory and the Role of Government in East Asian Industrialization

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