Introduction to special issue of the Japanese political economy: The rise and fall of the export-led industrialization model in the changing global economy.

The article discusses the rise and fall of the export-led industrialization model in the changing global economy, focusing on the success of Asian Newly Industrializing Economies (NIEs) like South Korea, Taiwan, Hong Kong, and Singapore. It highlights the shift in US imports of manufactured goods from Japan to other countries like China, ASEAN4, and Mexico over the years. The text also explores the impact of punitive tariffs on China and the potential for countries like South Korea, Vietnam, and India to assume China's role as major exporters to the US. The articles in the special issue offer diverse perspectives on export-led industrialization, with recommendations for strategic targeting of export industries, insights into India's growth strategy, and discussions on South Korea's economic growth model. [Extracted from the article]