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189. South Korea’s controversial industrial policy

Trade Talks

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The Effects of a Temporary Policy on Infant Industry Protection

The park assassination provides a rare opportunity for research to look at what happens after an industrial policy is suddenly taken away. After 1979, you see that well, productivity is still relatively higher in HCI plants relative to non-HCI plants. But one thing I also look at is an industry level productivity. And that had been slightly, that had been trending upwards through the policy period. So I think it's fair to say, maybe, maybe productivity did not decline but there was some relative growth.

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