Can it be an advantage to be backward? Alexander Gerschenkron developed a model of economic development in which relatively less-developed countries were at an advantage. State interventions could systematically compensate for inadequate supplies of capital, skilled labour, entrepreneurship and technology found in the more advanced. This text examines the relevance of this hypothesis to two of the most spectacularly successful economies of East Asia, Japan and South Korea. Combining insights from economic history, development economics and the economics of technology, the book emphasizes the...
Can it be an advantage to be backward? Alexander Gerschenkron developed a model of economic development in which relatively less-developed countries w...
The 1997 South Korean financial crisis not only shook the country itself but also sent shock waves through the financial world at large. This impressive book critically assesses the conventional wisdom surrounding the Korean crisis and the performance of the IMF-sponsored reform programme. Looking first at the strengths and weaknesses of 'Korea Inc.' in comparison with other East Asian countries, the authors describe the challenges faced by Korea in the 1990s due to the acceleration of globalization. By arguing that the transition attempted by Korea was badly conceived and ill designed,...
The 1997 South Korean financial crisis not only shook the country itself but also sent shock waves through the financial world at large. This impressi...
East Asia has in many ways been the cockpit of the globalization process. If the phenomenon as it is generally defined is largely recognized as a relatively recent one, the countries that have experienced most change during this period have been in the region.
Rapid economic growth leading to the Tigers label was followed by financial crisis and partial recovery. Underlying this has been the remarkable success story of Japan since the Second World War, followed by the current, seemingly inexorable progress of China towards centrality on the world stage.
Jang-Sup Shin has amassed an...
East Asia has in many ways been the cockpit of the globalization process. If the phenomenon as it is generally defined is largely recognized as a r...
The world economy fell into a global financial crisis in 2008/9 and is still jittered by its aftershocks. Like other financial crises happened in the world economy, it came as a surprise. In historical perspective, financial crises should be understood as a natural fact of life in the world economy and a more pertinent question that should be posed would be why people so easily forget and do not learn from the historical experience. This book deals with the question in two ways. First, it investigates the frame of mind that distances people from the reality of life. At the heart of it, it...
The world economy fell into a global financial crisis in 2008/9 and is still jittered by its aftershocks. Like other financial crises happened in the ...
East Asia has in many ways been the cockpit of the globalization process. If the phenomenon as it is generally defined is largely recognized as a relatively recent one, the countries that have experienced most change during this period have been in the region. Rapid economic growth leading to the Tigers label was followed by financial crisis and partial recovery. Underlying this has been the remarkable success story of Japan since the Second World War, followed by the current, seemingly inexorable progress of China towards centrality on the world stage. Jang-Sup Shin has amassed an...
East Asia has in many ways been the cockpit of the globalization process. If the phenomenon as it is generally defined is largely recognized as a rela...
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.
This book examines the spectacularly successful economies of East Asia, Japan and South Korea. The comparison of the 'catching-up' process in Japan an...
The world economy fell into a global financial crisis in 2008/9 and is still jittered by its aftershocks. Like other financial crises happened in the world economy, it came as a surprise. In historical perspective, financial crises should be understood as a natural fact of life in the world economy and a more pertinent question that should be posed would be why people so easily forget and do not learn from the historical experience.
This book deals with the question in two ways. First, it investigates the frame of mind that distances people from the reality of life. At the heart of it,...
The world economy fell into a global financial crisis in 2008/9 and is still jittered by its aftershocks. Like other financial crises happened in t...
