The Governance System of Industrial Policy in the Era of Growth in Korea from the Perspective of State-Society Relations

Abstract

In this study, the authors examine the governance system of industrial policy in the era of economic growth in Korea from the perspective of statesociety relations. Specifically, we consider the public and private actors who engaged in governance processes related to industrial policy and their interactions, as well as the formal and informal institutions that constrained the actors. As a principal actor, the government established the effective and efficient institutions in each stage of the governance process. These institutions not only enhanced the industrial policy capacity of the government but also created an environment that permitted various stakeholders in private sector to be involved in the governance system. The private actors in the governance process, in turn, became major sources of information and driving forces of industrial promotion.