Development States

Korea and japan implemented isi but never stopped

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Unformatted text preview: ntries doing this then? If you take aid from the west, then you don’t have a choice State bureaucrats and sufficient capitalists are the only voices that should matter in a country but if states don’t do this, it leads to fragmented states No industrial base when implementing Washington consensus so it was a failure. Korea and japan: Implemented ISI, but never stopped exporting, they would protect somethings but keep exporting others. When they failed in one industry, they just let it go under. Under ISI, they kept going. ISI got in trouble: It was good at starting industries, like textiles and footwear, basic manufacturing. But the deepening industrialization is where this failed. Japan was at the m...
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