Industrial Policy in an Era of Globalization: Lessons from Asia

Noland (Institute for International Economics) and Pack (economics, business and public policy, Wharton School) analyze the industrial-policy experiences of the Japanese, Korean, and Taiwanese economies, to determine what lessons they might have for middle-income and least developed countries. They examine whether the selective intervention policies of the three Asian countries contributed to their success, the possible impact of changes in the international economic systems on the ability of contemporary developing countries to implement similar policies, and the likelihood that they would achieve the success of the three Asian countries. Annotation (c) Book News, Inc., Portland, OR (booknews.com)

Marcus Noland, executive vice president and director of studies, has been associated with the Institute since 1985. From 2009 through 2012, he served as the Institute's deputy director. His research addresses a wide range of topics at the interstice of economics, political science, and international relations. His areas of geographical knowledge and interest include Asia and Africa where he has lived and worked, and the Middle East. In the past he has written extensively on the economies of Japan, Korea, and China, and is unique among American economists in having devoted serious scholarly effort to the problems of North Korea and the prospects for Korean unification. He won the 2000–01 Ohira Memorial Award for his book Avoiding the Apocalypse: The Future of the Two Koreas.

Howard Pack has been a professor of business and public policy and professor of economics at the Wharton School (University of Pennsylvania) since 1986. He has been a professor of management there since 1995 and was the professor of city and regional planning (1986-94). He has also taught at Swarthmore College and Yale University. He has served as a consultant for a host of World Bank projects over the past three decades and has been an adviser to the Bank's Global Development Network since 1999. He is the author or coauthor of The Arab Economies in a Changing World (2007), Productivity, Technology and Industrial Development (1987), and Structural Change and Economic Policy in Israel (1971).