Asia's Next Giant

Asia's Next Giant : South Korea and Late Industrialization

4.14 (35 ratings by Goodreads)
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Description

The rise of South Korea as a major economic power in the Far East, challenging even Japan for world markets, has been widely noted. This is a book about how late industrialization, taking place in the 20th century, especially since the Second World War, has brought about the growth of the South Korean economy. It also compares the late industrialization experiences of other countries such as Taiwan, Brazil, Turkey, India, and Mexico, and draws conclusions regarding why some countries have been successful and others have not. The author argues that Korea has been successful because the government not only subsidized and protected certain industries, but it also demanded strict performance standards from those it helped. The author also examines the role of labour and education in creating good conditions for economic growth.show more

Product details

  • Hardback | 395 pages
  • 160 x 232 x 34mm | 762.03g
  • Oxford University Press Inc
  • New York, United States
  • English
  • 14 line illustrations
  • 0195058526
  • 9780195058529

Table of contents

Korea's mode of industrialization; Part I: The state and business: History and policies; A history of backwardness; The ABCs of Japanese and Korean accumulation; The growth dynamic; The spiraling of market power; Getting relative prices "wrong": A summary; Part II: Salaried management and human resources: The rise of salaried managers: Automobile manufacturing; The paradox of "unlimited" labor and rising wages; The boom in education; Part III: The dynamics of dynamic comparative advantage: The switch in industrial leadership; The world's largest shipbuilder; The triumph of steel; From learner to teachershow more

Rating details

35 ratings
4.14 out of 5 stars
5 31% (11)
4 54% (19)
3 11% (4)
2 3% (1)
1 0% (0)
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