Data Talks

📦 Can industrial policy work? Yes—the East Asian experience shows it can (at least partially).

But its success rests on a key condition: labor control.

🇯🇵🇰🇷🇹🇼 Japan, South Korea, and Taiwan industrialized rapidly under authoritarian or semi-authoritarian regimes. Wages and… pic.twitter.com/LWdMQ8GwpQ

— Jesús Fernández-Villaverde (@JesusFerna7026) July 29, 2025