In the 1970s, South Korea suddenly started and stopped an industrial policy while in the middle of two political crises. Nathan Lane (University of Oxford) explains the Heavy and Chemical Industry Drive as well as new research showing the industrial policy’s impact on South Korean firms, workers, exports, and the country’s comparative advantage (34:55).

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• Lane, Nathan. 2022. “Manufacturing Revolutions – Industrial Policy and Industrialization in South Korea.” University of Oxford manuscript, November.