ABSTRACT
The Southeast Asian second-tier newly industrializing country (NIC) experiences with industrial policy offer several important lessons for other developing countries seeking to industrialize. There is widespread acknowledgment of the role of the state in East Asian late industrialization and of considerable variations in the role, nature and extent of government intervention, and how all this has changed over time. The widespread influence of the Japanese "flying geese" perspective on East Asian regional development and variations thereof and the rapid expansion of manufacturing for export has led many observers to believe that the second-tier Southeast Asian NICs are essentially following in the footsteps of the Northeast Asian NICs. The Southeast Asian second-tier NIC experiences also suggest that while other conflicting or rival policy objectives are likely to undermine the commitment to and efficacy of industrial policy, particular policies have specific consequences, some of which may be more compatible with industrial policy.
