The Political Economy of Industrial Promotion: Indian, Brazilian, and Korean Electronics in Comparative Perspective 1969-1994

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Sridharan provides an interpretative comparison of the political economy of policy and development of a new industryelectronicsin three major developing countries India, Brazil, and Koreaover a quarter of a century. Electronics, defined to encompass the entire microelectronics-based complex of industries, is the epitome of a new industry for developing countries. Promoting it involves all the dilemmas of industrial policy for developing countries: state versus market, multinations versus domestic firms, imported versus indigenous development of technology, import-substitution versus export-orientation, and so forth. India, Brazil, and Korea are three of the developing world's technological leaders and largest industrial producers. All began to systematically promote a local electronics industry in the late 1960s. Different strategies were chosen, different trajectories followed, and different outcomes resulted. Sridharan interprets this experience in comparative perspective in the light of the concept of strategic capacity (of developing countries to effect industrialization), refining and further augmenting it to advance the theoretical debate on the political economy of industrialization. This book will be of great interest to students, scholars, researchers, and policy makers involved with industrial development and public policy.

Reviews

In this excellent study, Sridharan convincingly establishes that the explanation for the variant performance of Korea, Brazil, and India in the electronics industry is fundamentally political, and not economic....Sridharan's analysis is shrewd and penetrating but also balanced and nuanced. Besides, it makes a theoretical advance in the state capacity literature in which it is situated.-The Journal of Asian Studies
"In this excellent study, Sridharan convincingly establishes that the explanation for the variant performance of Korea, Brazil, and India in the electronics industry is fundamentally political, and not economic....Sridharan's analysis is shrewd and penetrating but also balanced and nuanced. Besides, it makes a theoretical advance in the state capacity literature in which it is situated."-The Journal of Asian Studies

Author Bio

ESWARAN SRIDHARAN is Associate Research Professor at the Centre for Policy Research in New Delhi. He has published numerous research papers and has held visiting fellowships at the Institute of Developing Economies, Tokyo, and London School of Economics.