The rise of South Korea as a major economic power in the Far East, challenging even Japan for world markets, has been widely noted. This is a book about how late industrialization, taking place in the 20th century, especially since the Second World War, has brought about the growth of the South Korean economy. It also compares the late industrialization experiences of other countries such as Taiwan, Brazil, Turkey, India, and Mexico, and draws conclusions regarding why some countries have been successful and others have not. The author argues that Korea has been successful because the government not only subsidized and protected certain industries, but it also demanded strict performance standards from those it helped. The author also examines the role of labour and education in creating good conditions for economic growth.
- ISBN10 0195058526
- ISBN13 9780195058529
- Publish Date 7 September 1989
- Publish Status Out of Print
- Out of Print 12 January 1995
- Publish Country US
- Imprint Oxford University Press Inc
- Format Hardcover
- Pages 395
- Language English