Asia's Next Giant: South Korea and Late Industrialization

by Alice H. Amsden

• ISBN13: 9780195076035
• ISBN10: 0195076036
• Edition: Revised
• Format: Paperback
• Copyright: 1992-04-09
• Publisher: OXFORD UNIVERSITY PRESS

Summary

South Korea has been quietly growing into a major economic force that is even challenging some Japanese industries. This timely book examines South Korean growth as an example of "late industrialization," a process in which a nation's industries learn from earlier innovator nations, rather than innovate themselves. Discussing state intervention, shop floor management, and big business groups, Amsden explores the reasons for South Korea's phenomenal growth, paying special attention to the principle of reciprocity in which the government imposes strict performance standards on those industries and companies that it aids. She thereby shows how South Korea, Japan, and Taiwan were able to grow faster than other emerging nations such as Brazil, Turkey, India, and Mexico. With its new insights, Asia's Next Giant is essential reading for anyone concerned with global competition and the world economy.

Author Biography

Alice H. Amsden is Professor of Economics on the Graduate Faulty of The New School for Social Research.

Table of Contents

Preface
Industrializing Through Learning	p. 3
a History of Backwardness	p. 27
the Abcs of Japanese and Korean Accumulation	p. 55
the Dynamics of Growth	p. 79
the Spiraling of Market Power	p. 115
Getting Relative Prices """"Wrong"""": a Summary	p. 139
the Rise of Salaried Engineers: Automobile Manufacturing	p. 159
the Paradox of """"Unlimited"""" Labor and Rising Wages	p. 189
the Boom in Education	p. 215
the Switch in Industrial Leadership	p. 243
the World's Largest Shipbuilder	p. 269
the Triumph of Steel	p. 291
from Learner to Teacher	p. 319
Epilogue	p. 327
Bibliography	p. 331
Name Index	p. 353
Subject Index	p. 359
Table of Contents provided by Publisher. All Rights Reserved.