This book presents a broad descriptive and quantitative evaluation of industrial policies in four East Asian economies -- Japan, Korea, Taiwan, and Singapore -- with a special focus on Singapore. The book offers a comprehensive overview of the discussions on the concept of industrial policy within the East Asian context and quantitative assessments of these policies through productivity analyses and CGE modeling, especially where Singapore is concerned. It demonstrates evidence for the positive role of industrial policies and government activism in welfare improvements and industrial development.
Contents: Industrial Policies in Japan, Korea, and Taiwan; Industrial Policies in Singapore; A Comparison of Industrial Policies in Singapore with Those in Japan, Korea, and Taiwan; Labor Productivity and Labor Reallocation: The Singapore Case; Total Factor Productivity and Resource Reallocation; Productivity Growth and Resource Allocation: An International Comparison of Singapore with East Asia; A CGE Model for the Singapore Economy; Policy Experiments for Japan, Korea, and Singapore.