num_pages: 400
description: 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 companiesthat 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, andtechnology 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 Koreanexperience to Japan's, and to other emerging nations such as Taiwan, Brazil, Turkey, India, and Mexico.
language: English
title: Asia's Next Giant: South Korea and Late Industrialization
titlecomplete: Asia's Next Giant: South Korea and Late Industrialization
genres: Economic Development, Asia, Politics, Nonfiction, Economics, History
ratings_count: 69
publisher: Oxford University Press