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Prospects and Perils for Small and Medium Enterprises in Outward-Oriented Industrial Expansion: Lessons from Korea and Taiwan

机译：中小企业在外向型产业扩张中的前景与危机：来自韩国和台湾的经验教训

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Many developing countries are currently involved in adjusting their policy regime from one which is inward-oriented, import substitution-based, to one which is more neutral or perhaps slightly biased towards exports. It is argued in the paper that some of the policies that are adopted to achieve the outcome may have implications for the size structure of industry. Using the example of Korea and Taiwan, the paper develops three hypotheses which it argues should be the focus of future research. Contents: The macro prices of traded goods in Korea and Taiwan; Compensating for price distortions; Export promotion in a free trade regime.

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