This book project explains how the changing patterns of state-firm interactions enabled Spain and South Korea to upgrade from mid- to high-income economies, why the two countries came to have productive structures that are specialized in complex services and manufacturing respectively, and what are the implications of these models for future growth. The project takes a historical institutional perspective and characterizes national institutional structures through an analysis of state-firm interactions, their evolution over time, and their impact on industrial transformation from the mid-1980s. The analysis is based on detailed studies of transformation in three sectors: ICT, banking, and automotive, which are capital and skill intensive, have dense connections to several downstream sectors, and are central to the Spanish and Korean economies.
This project is funded by the European Union
(EU Grant number 747943, PERIGROWTH)