The chemical industry was a leading sector in Italy`s `economic miracle`, but after remarkable growth in the 1950s, it declined in the next decade. Montecatini rose to a dominant position in inorganic chemicals and fertilizes in the 1950s, but its quasi-monopoly of traditional chemicals was soon...

The chemical industry was a leading sector in Italy's 'economic miracle', but after remarkable growth in the 1950s, it declined in the next decade. Montecatini rose to a dominant position in inorganic chemicals and fertilizes in the 1950s, but its quasi-monopoly of traditional chemicals was soon...

I study the impact of industrial policy on industrial development by considering an important episode during the East Asian miracle: South Korea’s heavy and chemical industry (HCI) drive, 1973–1979. Based on newly assembled data, I use the introduction and termination of industrial policies...