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Industrialization and employment in Hong Kong, Korea, Singapore, and Taiwan

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  • Industrialization and employment in Hong Kong, Korea, Singapore, and Taiwan
  • Fields, Gary S.
  • University of Wisconsin Press


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Title Industrialization and employment in Hong Kong, Korea, Singapore, and Taiwan
Similar Titles
Material Type Reports
Author(English)

Fields, Gary S.

Publisher

Madison:University of Wisconsin Press

Date 1985-01
Series Title; No ILR Collection
Pages 45
Subject Country Hong Kong(Asia and Pacific)
Singapore(Asia and Pacific)
South Korea(Asia and Pacific)
Taiwan(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < General
Social Development < Employment
Holding Cornell University

Abstract

[Excerpt] What are the links between macroeconomic growth and microeconomic development objectives? The initial view held by many economists, especially Latin America specialists, was that the goals of growth, employment, and income distribution are mutually incompatible and that the pursuit of all these objectives at once is bound to be futile. But in the last few years, studies of the economies of the Asian Newly Industrializing Countries (NICs), Hong Kong, Korea, Singapore, and Taiwan—the so-called "Group of Four"—have emerged, and they point to very rapid aggregate growth and marked improvements in labor market conditions and in income distribution. This chapter assembles the latest available information and examines the interrelationships between the macroeconomy and the labor market, with special reference to foreign trade and foreign investment.