This paper assesses the relative merits and demerits of different East Asian models by placing them in a historical perspective. It re-interprets Gerschenkron's model of late industrialization, and extends it to compare East Asian economies in view of substituting and complementing models. It...

This paper explains how hedge-fund activists are exerting power over corporate resource allocation far in excess of the actual voting power of their shareholdings. The power of these “minority-shareholding corporate raiders” derives from misguided regulatory “reforms” carried out in the...

The memory industry experienced two times of technological leadership change, from the US to Japan in 1982 and from Japan to Korea in 1993, and since then there has been no leadership change for more than two decades. This paper examines reasons why this happened and discusses implications for...

Rural communities in both Korea and China have faced important negative conditions, such as a population decrease, aging, and the increasing income gap between urban and rural areas. To overcome these problems, a new change is needed in rural areas. In recent years, the 6th industrialization of...

Korean Abstract: 라틴아메리카에서 부패는 일시적인 문제가 아니라 늘 해결을 요구받아온 만성적인 사회 부조리이다. 본 연구는 최근 또다시 주목 받고 있는 라틴아메리카의 부패를 심도 깊게 고찰함으로써 라틴아메리카...