Government planning and investment can certainly bootstrap and protect a nascent industry in its infancy, but once the industry becomes competitive it is to the

Government planning and investment can certainly bootstrap and protect a nascent industry in its infancy, but once the industry becomes competitive it is to the Democracy's own advantage to remove the training wheels and back off. This book review of How Asia Works[0] gives excellent examples of how South Korea applied this strategy to break out of from economic despair to become a leading economic power, and how other Asian countries failed to apply this formula when their governments were too heavy handed in their approach. [0] https://www.astralcodexten.com/p/book-review-how-asia-works https://www.astralcodexten.com/p/book-review-how-asia-works