ENGLISH

Industrial Development in Singapore, Taiwan, and South Korea

By Kwong Kai-Sun , Chau Leung-Chuen , Francis T. Lui , Larry D. Qiu

Book information

Year
2001
ISBN
9810246277, 9789810246273, 9789812810069
LCC
HC445.8 .I57 2001
Open Library ID
OL3611638M
Language
english
Format
PDF
Filesize
11 MB (11754401 bytes)
Edition
1st
Pages
250\287
Time added
2011-06-04 13:46:07

Description

Economic analysis of the industrial experiences of the newly industrialized economies in Asia is generally lacking in the literature. This study attempts to fill that void by providing an in-depth discussion on the economic impact of the industrial policies of Singapore, Taiwan, and South Korea in the three-and-a-half decades after 1960. Throughout the study, a broad perspective of macroeconomic development is maintained. It is highly critical of the narrow-minded objective of certain governments in maximizing the pace of industrialization at the expense of general economic well-being. A comparative analysis of the industrial experiences of the three economies also shows a diversity of constraints and processes. Singapore relied on multinational corporations, Taiwan on returned engineers, and South Korea on chaebols. There appears to be no Asian formula for industrialization. In Hong Kong, there is an ongoing debate on whether some form of industrial policy should be introduced, in view of the perception that Hong Kong is lagging behind the other economies in terms of technology. Drawing on the experiences of the other economies, the concluding chapter of the book provides an informed and balanced answer to this question.

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