This paper focuses on the conditions for economic and social upgrading and the role of industrial policy. The author argues that the market alone cannot trigger economic upgrading and therefore suggests that developing countries should pursue an active comprehensive industrial policy in order to catch up with the living standards of developed countries. This would require that industrial policy is combined with social upgrading since economic and social upgrading are mutually supportive.
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The polarization between formal and informal workers lately received wide attention in South Korea. Our FES Korea Office took a closer look at the... more Information
Lay Hwee Yeo answers questions about the larger implications of the war in Ukraine on the Asia-Pacific region. more Information