The Economics Of The Latecomers

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Overview

This book examines the spectacularly successful economies of East Asia, Japan and South Korea. The comparison of the 'catching-up' process in Japan and South Korea includes studies of the iron and steel and semi-conductor industries. The author shows the difficulties involved in trying to detect general patterns of development, as both countries appear to respond to different technological imperatives. As a result general models of development should be treated with caution, given the need to consider different historical and institutional contexts.

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Editorial Reviews

Booknews
Explains the economic "catching-up" process in Germany and the successful economies of East Asia, drawing on Alexander Gerschenkron's model of economic development and combining insights from economic history, development economics, and the economics of technology. Emphasizing the need for historical models to understand historical processes, comparisons of various regions between the mid-19th century and the present demonstrate the limitations of neo-Schumpeterian approaches and the New Institutional Economics as means of analyzing the development process. Annotation c. by Book News, Inc., Portland, Or.
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Product Details

Table of Contents

List of figures and tables
Foreword
Preface
Introduction 1
1 Late Industrialisation and Catching-Up 9
2 Technology Transfer, Technological Capability and National Systems of Innovation 26
3 Institutions, Institutional Change and Catching-Up 38
4 Comparative Settings 65
5 Regional Contrast in the Development of the Iron and Steel Industry in Germany, 1800-1850 72
6 UK-Germany-Japan Comparison in the Iron and Steel Industry, 1850-1930 83
7 USA-Japan-Korea Comparison in the Iron and Steel Industry, 1950-1990 94
8 USA-Japan-Korea Comparison in the Semiconductor Industry, 1950-1993 109
Conclusions 139
Notes 154
Bibliography 194
Index 207
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