Asia's Next Giant: South Korea and Late IndustrializationSouth 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. |
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Contents
Tables and Figures | 3 |
Figures | 16 |
History and Policies | 25 |
The ABCs of Japanese and Korean Accumulation | 55 |
Tables | 56 |
National Product | 71 |
The Dynamics of Growth | 79 |
The Spiraling of Market Power | 115 |
4 | 222 |
5 | 229 |
The Dynamics of Dynamic Comparative | 241 |
The Worlds Largest Shipbuilder | 269 |
The Triumph of Steel | 291 |
Rate | 312 |
From Learner to Teacher | 319 |
Epilogue | 327 |
A Summary | 139 |
Professional Management and Human | 157 |
The Paradox of Unlimited Labor and Rising | 189 |
The Boom in Education | 215 |
353 | |
359 | |
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Common terms and phrases
According accounted assistance average Bank basis began big business business groups capacity capital chaebol Chapter colonial comparative compete competition costs cotton countries demand depends Development discussion diversified domestic economic effect engineers enterprise equipment exchange expansion experience exports firms force foreign growth growth rate higher Hyundai imports increase Institute interest investment Japan Japanese Korea labor late industrialization later learning less machinery major managers manufacturing ment operations output Park percent period Planning plant political POSCO Press production projects ratio relatively rise School sector Seoul share ship shipbuilding skills Source South Korea standards steel structure suggests supply Table Taiwan technical tend textiles tion trade United University wages workers World