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Industrialization meets globalization : Uncertain reflections on East Asian experience

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  • Industrialization meets globalization
  • Westphal, Larry E.
  • Massachusetts Institute of Technology


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Title Industrialization meets globalization
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Sub Title

Uncertain reflections on East Asian experience

Material Type Reports
Author(English)

Westphal, Larry E.

Publisher

[Swathmore]:Massachusetts Institute of Technology

Date 2000
Pages 25
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Holding Swathmore College

Abstract

The efficacy of export-led industrialization in the hyper-successful East Asian economies depended in no small measure on the forces that drove globalization. These forces fueled transfers of technology in unprecedented volumes and by innovative means in a variety of industries, including those at the frontiers of global technological change. The successful exploitation of these transfers would not have been possible without purposeful, aggressive actions of the part of the recipient firms in order to realize the increased technological capabilities that they enabled. Firms were incited to undertake these activities by conducive, neoclassical policies which were crucially augmented with selective interventions that fostered rapid technological development. (The rest omitted)