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...

Chapter 1. Introduction -- Part I: Macro-Meso Level of Analysis -- Chapter 2. An Overview of Industrial Catch-up Strategies -- Chapter 3. Driving Inclusive Growth in Post Industrial Catch-up Era of Korean Economy -- Chapter 4. Achieving Virtuous Cycle Development in Post Industrial Catch-up Era...