Download PDF by Alice H. Amsden: Asia's Next Giant: South Korea and Late Industrialization

By Alice H. Amsden

ISBN-10: 0195058526

ISBN-13: 9780195058529

ISBN-10: 0195076036

ISBN-13: 9780195076035

South Korea has been quietly transforming into right into a significant fiscal strength that's even tough a few eastern industries. This well timed booklet examines South Korean progress for instance of "late industrialization," a strategy during which a nation's industries examine from prior innovator countries, instead of innovate themselves. Discussing nation intervention, store ground administration, and massive company teams, Amsden explores the explanations for South Korea's out of the ordinary progress, paying distinctive realization to the main of reciprocity during which the govt imposes strict functionality criteria on these industries and corporations that it aids. She thereby indicates how South Korea, Japan, and Taiwan have been capable of develop swifter than different rising countries equivalent to Brazil, Turkey, India, and Mexico. With its new insights, Asia's subsequent titanic is vital interpreting for an individual fascinated with international pageant and the realm financial system.

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Extra info for Asia's Next Giant: South Korea and Late Industrialization (Oxford Paperbacks)

Sample text

N. data, however, exclude North Korea. which was growing roughly three times faster than the South (Cole and Lyman, 1 97 1). What's more, the growth rates that the South chalked · up were un- · sustainable. By 1 959 the economy was deeply depressed, partly the effect of conservative macroeconomic policies and partly the effect of the winding down of aid and of the reconstruction boom. With 1 9 This represents value in 1975 constant market prices, as reported by the Korea Development Bank (1984).

46). First unable to compete against Japanese goods, Korea lost more and more ground to its interloper. The monarchy was forced to rely On China to suppress a peasant uprising in 1 894, which gave Japan a pretext under which to increase its military presence. Ja'pan de­ clared Korea a protectorate after routing Russia in war in 1905. Fi­ nally, with the defeat of insurgents and the dissolu�ion of the Ko­ rean army, Japan formally annexed Korea amidst American indifference in 1 9 1 0 . THE CONTRADICTIONS O F MODERNIZATION The judgment on japan's contribution to Korea's subsequent success has gone through several iterations, although the facts have by and 6 Cole and Park ( 1983) gave a brief history of Korean financial development under Japan.

Korea's major exports from 1 965 to 1 975 were apparel, cotton textiles, and miscel­ laneous manufactures. In the case of cotton spinning and weaving, there were almost no technical or managerial linkages to newer in­ dustries. The cotton textiles firms that benefited internally from in­ ternational competition in the form of exposure to better manage­ ment techniques and improved production processes did not serve as the organizational building blocks for the economy's more skill­ and capital-intensive pursuits.

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Asia's Next Giant: South Korea and Late Industrialization (Oxford Paperbacks) by Alice H. Amsden


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