Asia's Next Giant South Korea and Late Industrialization

by Amsden, Alice H.

• ISBN13: 9780195058529
• ISBN10: 0195058526
• Format: Hardcover
• Copyright: 1989-09-07
• Publisher: Oxford University Press

Summary

While the rise of Japan in the world economy has been widely chronicled, South Korea has been quietly growing into a major economic force that is even challenging Japan in some industries. This book examines how government in South Korea has worked with selected industries to create companies that compete aggressively in world markets. The author views South Korean growth as an example of "late industrialization," a process in which a nation's industries learn from other innovator nations, rather than innovate themselves. Discussing state intervention, shop floor management, and technology transfer, the author explores the reason for South Korea's phenomenal growth. Of particular importance is the principle of reciprocity in which the government imposes strict performance standards on those industries and companies that it aids. The author also compares the South Korean experience to Japan's, and to other emerging nations such as Taiwan, Brazil, Turkey, India, and Mexico.

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.