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 companies that 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, and technology 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 Korean experience to Japan's, and to other emerging nations such as Taiwan, Brazil, Turkey, India, and Mexico.

Asia's Next Giant: South Korea and Late Industrialization

Business & Money

AMSDEN, ALICE H.

Economics

Oxford University Press

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.

Asia's Next Giant: South Korea and Late Industrialization (Oxford Paperbacks)

The Rise of "The Rest": Challenges to the West from Late-Industrializing Economies

After World War II a select number of countries outside Japan and the West--those that Alice Amsden calls "the rest"--gained market share in modern industries and altered global competition. By 2000, a great divide had developed within "the rest", the lines drawn according to prewar manufacturing experience and equality in income distribution. China, India, Korea and Taiwan had built their own national manufacturing enterprises that were investing heavily in R&amp;D. Their developmental states had transformed themselves into champions of science and technology. By contrast, Argentina, Brazil and Mexico had experienced a wave of acquisitions and mergers that left even more of their leading enterprises controlled by multinational firms. The developmental states of Mexico and Turkey had become hand-tied by membership in NAFTA and the European Union. Which model of late industrialization will prevail, the "independent" or the "integrationist," is a question that challenges the twenty-first century.

After World War II a select number of countries outside Japan and the West--those that Alice Amsden calls "the rest"--gained market share in modern industries and altered global competition. By 2000, a great divide had developed within "the rest", the lines drawn according to prewar manufacturing experience and equality in income distribution. China, India, Korea and Taiwan had built their own national manufacturing enterprises that were investing heavily in R&amp;D. Their developmental states had transformed themselves into champions of science and technology. By contrast, Argentina, Brazil and Mexico had experienced a wave of acquisitions and mergers that left even more of their leading enterprises controlled by multinational firms. The developmental states of Mexico and Turkey had become hand-tied by membership in NAFTA and the European Union. Which model of late industrialization will prevail, the "independent" or the "integrationist," is a question that challenges the twenty-first century.

The American government has been both miracle worker and villain in the developing world. From the end of World War II until the 1980s poor countries, including many in Africa and the Middle East, enjoyed a modicum of economic growth. New industries mushroomed and skilled jobs multiplied, thanks in part to flexible American policies that showed an awareness of the diversity of Third World countries and an appreciation for their long-standing knowledge about how their own economies worked. Then during the Reagan era, American policy changed. The definition of laissez-faire shifted from "Do it your way" to an imperial "Do it our way." Growth in the developing world slowed, income inequalities skyrocketed, and financial crises raged. Only East Asian economies resisted the strict prescriptions of Washington and continued to boom. Why? In Escape from Empire, Alice Amsden argues provocatively that the more freedom a developing country has to determine its own policies, the faster its economy will grow. America's recent inflexibility—as it has single-mindedly imposed the same rules, laws, and institutions on all developing economies under its influence—has been the backdrop to the rise of two new giants, China and India, who have built economic power in their own way. Amsden describes the two eras in America's relationship with the developing world as "Heaven" and "Hell"—a beneficent and politically savvy empire followed by a dictatorial, ideology-driven one. What will the next American empire learn from the failure of the last? Amsden argues convincingly that the world—and the United States—will be far better off if new centers of power are met with sensible policies rather than hard-knuckled ideologies. But, she asks, can it be done?

Escape from Empire: The Developing World's Journey Through Heaven and Hell

Mit Pr

A provocative view of economic growth in the Third World argues that the countries that have achieved steady economic growth―including future economic superpowers India and China―have done so because they have resisted the American ideology of free markets.
The American government has been both miracle worker and villain in the developing world. From the end of World War II until the 1980s poor countries, including many in Africa and the Middle East, enjoyed a modicum of economic growth. New industries mushroomed and skilled jobs multiplied, thanks in part to flexible American policies that showed an awareness of the diversity of Third World countries and an appreciation for their long-standing knowledge about how their own economies worked. Then during the Reagan era, American policy changed. The definition of laissez-faire shifted from "Do it your way," to an imperial "Do it our way." Growth in the developing world slowed, income inequalities skyrocketed, and financial crises raged. Only East Asian economies resisted the strict prescriptions of Washington and continued to boom. Why? 
In Escape from Empire, Alice Amsden argues provocatively that the more freedom a developing country has to determine its own policies, the faster its economy will grow. America's recent inflexibility―as it has single-mindedly imposed the same rules, laws, and institutions on all developing economies under its influence―has been the backdrop to the rise of two new giants, China and India, who have built economic power in their own way. Amsden describes the two eras in America's relationship with the developing world as "Heaven" and "Hell"―a beneficent and politically savvy empire followed by a dictatorial, ideology-driven one. What will the next American empire learn from the failure of the last? Amsden argues convincingly that the world―and the United States―will be infinitely better off if new centers of power are met with sensible policies rather than hard-knuckled ideologies. But, she asks, can it be done?

Escape from Empire: The Developing World's Journey through Heaven and Hell

MIT Press]

Under free-market shock therapy, the economies of Eastern Europe have fallen into crisis. Shortages may have disappeared, but so have social services, a living wage, and equitable income distribution. Political unrest increases apace as output plummets. The questions as to why so much stagnation, inflation and de-industrialization have occured, and what can be done to turn this state of affairs around, are addressed in this critique of the free-market economic policies that have shocked Eastern Europe. The authors also propose a more sensible approach to reform, including a restructuring of the state itself so that it can play a more positive role in this difficult transition. With close attention to the history and institutional realities of the region, this book explains the failure of the simplistic market medicine administered in the first five years of transition. Merely "getting the prices right" - lowering wages and raising interest rates and energy prices - won't improve competitiveness, the authors argue, as long as non-labour costs such as the quality of goods, product design, outmoded technology, and inefficient distribution channels remain problems. Easing these bottlenecks requires long-term capital accumulation and profit maximization. The institutions necessary for such growth have not developed under Eastern Europe's new "pseudo-privatization" while distributing state property to citizens, has not provided them with the capital and technology they need to succeed. This book shows that the market mechanism alone will not transform Eastern Europe's potentially productive enterprises into international competitors without government co-ordination and support.

The Market Meets Its Match: Restructuring the Economies of Eastern Europe

Harvard University Press

Ascensao Do 'Resto', A (Em Portuguese do Brasil)

Unesp

Industry in Poland: Structural Adjustment Issues and Policy Options

Guinet, Jean

Organization for Economic

See the best price to sell, buy, or rent books by AMSDEN, ALICE H.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by AMSDEN, ALICE H.

See the best price to sell, buy, or rent books by AMSDEN, ALICE H.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Asia's Next Giant: South Korea and Late Industrialization

Asia's Next Giant: South Korea and Late Industrialization (Oxford Paperbacks)

The Rise of "The Rest": Challenges to the West from Late-Industrializing Economies

The Rise of "The Rest": Challenges to the West from Late-Industrializing Economies

Escape from Empire: The Developing World's Journey Through Heaven and Hell

Escape from Empire: The Developing World's Journey through Heaven and Hell

The Market Meets Its Match: Restructuring the Economies of Eastern Europe

Ascensao Do 'Resto', A (Em Portuguese do Brasil)

Industry in Poland: Structural Adjustment Issues and Policy Options