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Industrial Development in Singapore, Taiwan, and South Korea

Author: Kai-Sun Kwong

Publisher: World Scientific

Published: 2001

Total Pages: 287

ISBN-13: 9812810064

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. Contents: Singapore: Dominance of Multinational Corporations; Taiwan: Thriving High-Technology Industries and SME; South Korea: Government-Led Development and the Dominance of Giant Corporations; Comparison Among Singapore, Taiwan, and South Korea; Strategic Considerations in the Hong Kong Context. Readership: Researchers, policy-makers and undergraduates in economics and East Asian Studies.

Post-Industrial Development in East Asia

Author: Min-Hua Chiang

Publisher: Springer

Published: 2018-05-28

Total Pages: 165

ISBN-13: 981130274X

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This book purports to investigate and compare the economic development experiences in both Taiwan and South Korea in last two decades. Taiwan and South Korea’s economic development after WWII is a well-known story. However, their development after the successful post-war industrialization has not been comprehensively studied. The book examines whether the three factors —the role of private business, government policy, and foreign influence—that had contributed to Taiwan’s and Korea’s post-war development, are still relevant during the post-industrial development era. Researchers in the fields of global political economy, Asian economic development and East Asian studies will find this book a fresh and invaluable contribution to the literature. The book will also be of value to policy makers in developing countries in drafting their national development policies, diplomats conducting economic diplomacy with Taiwan and South Korea, and business people planning to expand their business interests in Asia.

The Foreign Economic Policies of Singapore, South Korea, and Taiwan

Author: Christopher M. Dent

Publisher: Edward Elgar Publishing

Published: 2002

Total Pages: 360

ISBN-13:

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Dent (Southeast and East Asian economy, U. of Hull, UK) comparatively studies the newly industrialized economies of East Asia, arguing that the foreign economic policies of all the governments is motivated by a search for economic security. The basis of his study is a collection of interviews 156 with government, business, and NGO actors, in which he questions not only technical aspects and recent events of policy, but also changes in underpinning ideologies, values and ideas, and contesting influences of political and economic actors. While significant differences are found, Dent contends that the common developmental context of the three actors is a situation of developmental statism and semi-peripheralization. Annotation copyrighted by Book News, Inc., Portland, OR

Economic Development of Emerging East Asia

Author: Frank S.T. Hsiao

Publisher: Anthem Press

Published: 2017-09-27

Total Pages: 418

ISBN-13: 1783086890

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Economic Development of Emerging East Asia presents economic studies of Taiwan and South Korea, compares them chiefly with Japan and the United States and finds that these East Asian countries are still in the process of emerging in the world economy. A timely quantitative and econometric analysis of the regional economies of emerging East Asia, the volume examines development indicators, effects of the 1997 Asian financial crisis, productivity growth, catching up and convergence of long run real GDP per capita growth, the time required for a country to catch up, colonialism and economic development in Taiwan and India. Arranged in increasing complexity of economic analyses, the chapters in this book provide a comprehensive understanding of emerging East Asian economies. In addition to serving as a handy reference for regional economists, policy analysts and researchers, Economic Development of Emerging East Asia can also be used as a textbook on economics and business.

The Political Economy of the New Asian Industrialism

Author: Frederic C. Deyo

Publisher: Cornell University Press

Published: 2018-08-06

Total Pages: 257

ISBN-13: 1501723766

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The newly industrializing countries (NICs) of East Asia have undergone rapid economic expansion over the past twenty vears. Unlike NICs elsewhere in the Third World, those in the Pacific basin-South Korea, Taiwan, Singapore, and Hong Kong-have managed to achieve almost full employment, a relatively egalitarian distribution of income, and the virtual elimination or poverty. In this collection of essays, nine development specialists explore the Asian NICs' exceptional ability to capitalize on the favorable economic environment of the 1960s and then to adapt flexibly to worsening conditions in the 1970s and 1980s.

The Four Little Dragons

Author: Ezra F. Vogel

Publisher:

Published: 1991

Total Pages: 168

ISBN-13:

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Japan and the four little dragons - Taiwan, South Korea, Hong Kong and Singapore - have become one of the main pillars of industrial world order since the 1950s. This book shows how they achieved such rapid industrial transformation and why it happened at this particular time in history.

From Traders to Innovators

Author: Goh Chor Boon

Publisher: Flipside Digital Content Company Inc.

Published: 2018-02-14

Total Pages: 229

ISBN-13: 9814762784

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Today, more than ever, the state of a country's science and technology is a critical factor for economic competitiveness and long-term growth. This book traces the development of science and technology policies and initiatives in Singapore since 1965. Developed as a trading entrepot by the British, science and technology were never strongly emphasized, right up to the 1970s. However, the need to stay ahead of economic competitiveness motivated the Singapore Government to initiate its national science and technology policy from the 1980s-moving Singapore from a low-skilled, low-technology economy to a high-skilled, high-technology one. Today, the drive for Singapore to become a hotbed for technological start-ups and R&D activities, supported by strong government funding and cutting-edge facilities, seems promising. Are the aspirations of nurturing a Silicon Valley-type culture in Singapore achievable? Are pragmatic, risk-averse Singaporeans ready for the mindset change? Can a nation of traders and service-brokers become a nation of technological innovators and entrepreneurs? This book attempts to provide the answers.

The Political Economy of Developmental States in East Asia

Author: Tian He

Publisher: Springer Nature

Published: 2020-11-13

Total Pages: 238

ISBN-13: 3030593576

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This book explores the variations in the transformation of the Asian developmental state in South Korea, Singapore, and Taiwan. Based on an original theory, the author argues that these variations are influenced by two factors: industrial structure and democratic transition, both of which are shaped by the strategic calculations of the ruling elites to maintain power. The theory concerns two concurrent political processes during the state’s development process, namely the emergence of economic interest groups with varying levels of policy constraints on the state; and the process of democratic transition driven by the rise of the middle class. The book will appeal to students and researchers in the fields of Asian politics, development studies, political economy and comparative politics.

Taiwan’s Development Experience: Lessons on Roles of Government and Market

Author: Erik Thorbecke

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 448

ISBN-13: 1461549957

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Taiwan's Development Experience: Lessons on Roles of Government and Market scrutinizes the main features of the Taiwanese development experience under five interrelated themes and domains: Outward-orientation vs. inward-orientation; Sources of growth; Dynamic balanced growth process: the interaction between agricultural and non-agricultural sectors; The role of government in the transition to a more market-oriented economy; and The potential transferability of the Taiwanese development experience to developing countries. In addition to highlighting the essential contributions of papers, the Editors also bring out the views and contributions, under each of the above headings, of two distinguished former Cornell University colleagues who are honored at the sponsoring conference - T.C. Liu and S.C. Tsiang.

Business, Government and Labor

Author: Linda Y C Lim

Publisher: World Scientific

Published: 2017-12-07

Total Pages: 422

ISBN-13: 9813225254

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Business, Government and Labor in the Economic Development of Singapore and Southeast Asia analyzes the inter-linked and evolving roles of private sector business, government public policy, and labor markets in the economic development of Singapore and its Southeast Asian neighborhood. It does this through 16 essays written by Prof. Linda Y C Lim, an early and long-established scholar of these subjects, and published over a 35-year period. For Singapore, often considered the world's most successful economy, the essays highlight the determining role of government's industrial and social policy through to the present day, when the growth model of the past faces many external market and domestic resource constraints. In the rest of Southeast Asia, in contrast, the essays explore how private sector business, dominated by the locally-domiciled ethnic Chinese minority, thrived and drove economic growth in underdeveloped markets with imperfect institutions, and consider if and how this might change with China's increasing presence in the regional economy. A final set of essays analyzes the forces underlying women's employment, from labor-intensive Southeast Asian export factories in the 1980s to Singapore's foreign-labor-dependent economy and its current productivity challenges. Taken together, the essays show how government, business and labor interact in the process of economic development.