Industrial Development in Singapore, Taiwan, and South Korea


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Growth potential

Africa faces other obstacles, too. Its governments are mostly weaker than those in developing Asia. Slowing growth in global trade and rich-world protectionism will not help. Nor will economic weakness in China, which hoovers up lots of African exports. Robots, too, will erode the attraction of cheap labour. Industrialisation is not the only route to development.


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Exporting business services has helped India to grow fast. But the benefits to such growth have been limited; roughly 70m Indians remain in extreme poverty. Natural resources can also power an economic boom.

Industrial Development in Singapore, Taiwan, and South Korea - Kai-Sun Kwong - Google Books

But as Mr Frankema and Ms van Waijenburg point out, growing populations mean that resource riches will have to be spread more thinly—and this is assuming that elites do not grab the lot. Botswana, notably, has one of the least dense populations in the world. But the path to development may be getting steeper once more. Rich countries, for their part, should be lowering, not raising, barriers to trade and migration, which prevent Africans from playing a full part in the world economy.

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2. Sustaining Taiwan’s and South Korea’s Post-Industrial Economic Growth: The China Factor

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  7. Tables, graphs. ISBN Indeed, the strong economic take-off of these countries and the ability of quite a few of them to join the league of high-income Organization of Economic Development OECD nations, is in sharp contrast to other relatively economically backward regions of Asia, notably South, Central and West Asia, where one does not find comparable economic success. Among the industrially mature economies of East Asia, greater academic attention has been devoted to Japan, and more recently, China. Relatively lesser attention has been devoted to Korea and Taiwan, two major high-income economies from the region with distinguished achievements in business processes, industrial functions, and organization of production.

    Indeed, Korean and Taiwanese economic growth has not just contributed to Asian and regional economic development, but also to that of the world economy.

    Hsiao and Mei-Chu Wang Hsiao is an important contribution to the existing literature in this regard. The book is structurally organized in a purposeful fashion for engaging readers at great depth on the modern economic histories of Taiwan and Korea. It is written over two parts and has nine chapters.


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    Part 1 includes five chapters reflecting on the development indicators of the two countries, followed by a discussion of experiences of managing capital flows during the turbulent Asian financial crisis of Later chapters in part 1 look at analysis of productivity growth and its detailed performance over specific periods of time. The final chapter in part 1 can be considered an exception from the larger trend of the book, in terms of it being a comparison between India and Taiwan, posited on their colonial pasts and convergence in learning.

    Chapters 6 and 7 are devoted to study of the miracle that the postwar Asian economic performance is variously described as, along with international comparisons of the growth of newly industrializing economies NIEs. Chapter 8 looks at catch up and convergence more closely in the context of long-run growth trajectories in East Asia. Chapter 9 concludes on the interesting note and prognosis of whether emerging East Asia is the beginning of the grand process of an Asia-centred world economy in the new millennium.

    Industrial Development in Singapore, Taiwan, and South Korea Industrial Development in Singapore, Taiwan, and South Korea
    Industrial Development in Singapore, Taiwan, and South Korea Industrial Development in Singapore, Taiwan, and South Korea
    Industrial Development in Singapore, Taiwan, and South Korea Industrial Development in Singapore, Taiwan, and South Korea
    Industrial Development in Singapore, Taiwan, and South Korea Industrial Development in Singapore, Taiwan, and South Korea
    Industrial Development in Singapore, Taiwan, and South Korea Industrial Development in Singapore, Taiwan, and South Korea
    Industrial Development in Singapore, Taiwan, and South Korea Industrial Development in Singapore, Taiwan, and South Korea
    Industrial Development in Singapore, Taiwan, and South Korea Industrial Development in Singapore, Taiwan, and South Korea
    Industrial Development in Singapore, Taiwan, and South Korea Industrial Development in Singapore, Taiwan, and South Korea

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