Asia's Next Giant: South Korea and Late IndustrializationOxford University Press, 1989 - 379 pages 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. |
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 | |
Common terms and phrases
average Bank of Korea capacity capital chaebol Chapter competition costs cotton textiles diversified business group domestic Donga Ilbo Economic Planning Board electronics engineers equipment exchange rate expansion exports factors foreign technical assistance growth rate Han'guk heavy industry HHI's Hyundai Hyundai group imports indus industrializing countries inflation innovation Institute interest rates investment Japan Korea Development Institute Korean government Korean industrialization labor late industrialization late-industrializing countries learners learning learning-by-doing machinery managerial manufacturing ment modern industrial enterprise operations output Park Park Chung Hee percent period plant Pohang political POSCO production ratio real wages Samsung group sector Seoul Seoul National University share ship shipbuilding skills Source South Korea spinning and weaving steel structure subcontracting subsidies suppliers Table Taiwan textiles textiles industry tion trade United wage increases workers World Bank zaibatsu