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Foreign direct investment & the growth of Taiwan & Korea

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  • Foreign direct investment & the growth of Taiwan & Korea
  • Rea, Robert
  • University of Lancaster


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Title Foreign direct investment & the growth of Taiwan & Korea
Similar Titles
Material Type Articles
Author(English)

Rea, Robert

Publisher

[Lancaster]:University of Lancaster

Date 2002-09
Subject Country South Korea(Asia and Pacific)
Taiwan(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Conditions
Economy < Direct Investment
Holding University of Lancaster

Abstract

The strong and sustained growth performance over the last few decades of the emerging economies in Southeast Asia, including Korea and Taiwan, has stimulated an extensive literature. The ‘miracle’ explanation of economic growth in the Asian region is now discredited but the phenomenon remains the subject of several important economic debates in an extensive literature (for example, Wade, 1990; World Bank, 1993; Leipziger, 2000). These debates include the issue of whether there is a distinct Asian ‘model’ of growth, the extent to which their success marks the triumph of market-oriented solutions over government intervention and the sources of their competitiveness and productivity growth. This paper provides a comparative analysis of the development strategies of Korea and Taiwan since the early 1960s with particular emphasis upon the sources of capital and technology that have underwritten this growth performance. (The rest omitted)