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South Korea’s globalization in the late twentieth century: an end to economic nationalism?

You‐il Lee

in Globalization and Economic Nationalism in Asia

Published in print:
2012
Published Online:
September 2012
ISBN:
9780199646210
eISBN:
9780191741630
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199646210.003.0007
Subject:
Economics and Finance, South and East Asia

To what extent South Korea adopted neoliberal reforms and thus conformed to the pressures of globalization is explored in this chapter. After the Asian financial crisis of 1997, South Korea was ... More


Asia's Next Giant: South Korea and Late Industrialization

Alice H. Amsden

Published in print:
1992
Published Online:
November 2003
ISBN:
9780195076035
eISBN:
9780199870691
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0195076036.001.0001
Subject:
Economics and Finance, Development, Growth, and Environmental, South and East Asia

South Korea has been quietly growing into a major economic force that is even challenging some Japanese industries. This book examines South Korean economic growth as an example of “late ... More


A History of Backwardness

Alice H. Amsden

in Asia's Next Giant: South Korea and Late Industrialization

Published in print:
1992
Published Online:
November 2003
ISBN:
9780195076035
eISBN:
9780199870691
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0195076036.003.0002
Subject:
Economics and Finance, Development, Growth, and Environmental, South and East Asia

This chapter examines how late industrialization in South Korea was at first retarded by a state too weak to intervene and stimulate capital expenditures. It also takes the position that when ... More


Industrializing through Learning

Alice H. Amsden

in Asia's Next Giant: South Korea and Late Industrialization

Published in print:
1992
Published Online:
November 2003
ISBN:
9780195076035
eISBN:
9780199870691
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0195076036.003.0001
Subject:
Economics and Finance, Development, Growth, and Environmental, South and East Asia

This is a book not only about South Korea and how it came to be a major factor in the world economy, but also about the industrialization process that South Korea followed. This process, which will ... More


The ABCS of Japanese and Korean Accumulation

Alice H. Amsden

in Asia's Next Giant: South Korea and Late Industrialization

Published in print:
1992
Published Online:
November 2003
ISBN:
9780195076035
eISBN:
9780199870691
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0195076036.003.0003
Subject:
Economics and Finance, Development, Growth, and Environmental, South and East Asia

This chapter is concerned with how acceleration in South Korean investments and exports was activated from the beginning of the 1960s, largely by exploiting its low‐wage advantage. The main emphasis ... More


The Paradox of “Unlimited” Labor and Rising Wages

Alice H. Amsden

in Asia's Next Giant: South Korea and Late Industrialization

Published in print:
1992
Published Online:
November 2003
ISBN:
9780195076035
eISBN:
9780199870691
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0195076036.003.0008
Subject:
Economics and Finance, Development, Growth, and Environmental, South and East Asia

The forces behind the operation of the labor market and real wage increases in South Korea are examined. It is argued that in industries in which the technology transfer problem was fairly ... More


The Dynamics of Growth

Alice H. Amsden

in Asia's Next Giant: South Korea and Late Industrialization

Published in print:
1992
Published Online:
November 2003
ISBN:
9780195076035
eISBN:
9780199870691
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0195076036.003.0004
Subject:
Economics and Finance, Development, Growth, and Environmental, South and East Asia

Late industrialization is characterized by three facets of growth, as South Korea exemplifies. The first relates to diversification, or entrepreneurial decisions concerning penetration of new ... More


The Boom in Education

Alice H. Amsden

in Asia's Next Giant: South Korea and Late Industrialization

Published in print:
1992
Published Online:
November 2003
ISBN:
9780195076035
eISBN:
9780199870691
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0195076036.003.0009
Subject:
Economics and Finance, Development, Growth, and Environmental, South and East Asia

One reason why Japan, Taiwan, and South Korea appear to have industrialized rapidly is that they have invested relatively heavily in education. A well‐educated work force, both white‐ and ... More


The Spiraling of Market Power

Alice H. Amsden

in Asia's Next Giant: South Korea and Late Industrialization

Published in print:
1992
Published Online:
November 2003
ISBN:
9780195076035
eISBN:
9780199870691
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0195076036.003.0005
Subject:
Economics and Finance, Development, Growth, and Environmental, South and East Asia

This chapter starts with a discussion of the development of the highly diversified business/industrial groups that have grown in late‐industrializing countries – as exemplified by the zaibatsu in ... More


Getting Relative Prices “Wrong”: A Summary

Alice H. Amsden

in Asia's Next Giant: South Korea and Late Industrialization

Published in print:
1992
Published Online:
November 2003
ISBN:
9780195076035
eISBN:
9780199870691
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0195076036.003.0006
Subject:
Economics and Finance, Development, Growth, and Environmental, South and East Asia

According to accepted economic theory, industrial expansion can be explained by one of two grand approaches, market oriented or institutional, and success is usually interpreted as a validation of ... More


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