Download e-book for kindle: Asia's Next Giant: South Korea and Late Industrialization by Alice H. Amsden

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 financial strength that's even tough a few eastern industries. This well timed publication examines South Korean progress for example of "late industrialization," a strategy within which a nation's industries study from past innovator countries, instead of innovate themselves. Discussing kingdom intervention, store flooring administration, and massive company teams, Amsden explores the explanations for South Korea's out of the ordinary development, paying specific recognition to the primary of reciprocity within 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 international locations akin to Brazil, Turkey, India, and Mexico. With its new insights, Asia's subsequent significant is key interpreting for someone interested by worldwide festival and the realm economic climate.

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

Sample text

As we shall see in a later chapter, even when Japan penetrated deeper into world markets after the turn of the century, its cheap labor was but one of several assets it used' to gain market share. Therefore, the conquest of world mar­ kets, beginning in the mid 1 960s, by late-industrializing countries on the almost exclusive basis of low wage rates represents a new phe- Industrializing through Learning 19 nomenon. a truly new international division of labor. Nevertheless, firms have still had' to be subsidized in order to compete.

Many Koreans experienced an absolute, not just a relative, decline in their standard of living. And yet, for all the hardships imposed on the Korean people, Japanese colonial rule laid some of the key ' foundations for Korea's later entrance into modem eco­ nomic growth. (Mason et aJ. , 1 980, p. 9 The Japanese also created a modem infrastructure In the areas of finance, transporta­ tion, and commerce. Nevertheless, Japanese colonialism was far more successful in smashing old foundations than in establishing new ones; 7 These were the views of George Kennan, confidante of Theodore Roosevelt, as qu�ted in Grajdanzev ( 1 944).

According to H 8. Lee, .. The April Revolution was a giant social revolt. The suffering and revolting self that had been emerging in the latter part of the decade of the 1950s was now given its full play. The stu­ dents began revolting against the Liberal Government, but their success touched off a general revolt in the society. The people revolted against the government. The young revolted against the old. In many schools, students revolted against their teach­ ers. In some government ministries, junior civil servants re­ volted against senior civil servants.

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


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