Schumpeter and arrow: Who wins in Korea and Taiwan? A case method analysis of cross country industrial structure
A case study approach is applied to a cross-country comparison of Korea and Taiwan to model their developmental patterns and to examine the implications of their approach to industrialization, with specific regard to the theories of vertical integration by Schumpeter and Arrow and the theories of asset specificity by Williamson. The implications of inflation risks, external debt financing, innovation incentives, and restructuring problems from the aftermath of the 1997 Asian financial crisis will also be examined. The methodology used is a case study of two industries: bicycles and semiconductors. The results of this study are being used to create two dynamic models of industrial development for the two countries and to provide reasons for the differences in development paths and the implications associated with the undertaking of two drastically different models of industrialization.
Year of publication: |
2004
|
---|---|
Authors: | Deng, You-liang |
Published in: |
Global Economic Review. - Taylor & Francis Journals, ISSN 1226-508X. - Vol. 33.2004, 4, p. 97-122
|
Publisher: |
Taylor & Francis Journals |
Subject: | vertical integration | industrial structure | Schumpeter | Arrow | Korea | Taiwan |
Saved in:
Online Resource
Saved in favorites
Similar items by subject
-
Mäihäiemi, Beata, (2017)
-
Innovation Matters : Competition Policy for the High-Technology Economy
Gilbert, Richard J., (2020)
-
Industrial structure and trade patterns : evidence from South Korea and Taiwan
Yang, Tzu-han, (1993)
- More ...
Similar items by person