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We look at Korea's industrialization strategy and experience from the 1960s to the mid-1990s. Three elements of the Korean industrial development and structural change are discussed: 1) its outward orientation and export push, 2) its climb up the ladder of comparative advantage, and 3) its...
Persistent link: https://www.econbiz.de/10011112182
Japan, an isolated, backward country in the 1860s, industrialized rapidly to become a major industrial power by the 1930s. South Korea, among the world's poorest countries in the 1960s, joined the ranks of First World economies in little over a single generation. China now seems poised to follow...
Persistent link: https://www.econbiz.de/10012947898
Although in the post-World War II period as a whole, developing countries have made substantial economic and industrial progress, during the last decade or so, many of them, particularly in Latin America and Africa, have been in an acute economic crisis . As a consequence, these countries have...
Persistent link: https://www.econbiz.de/10011107440
Why did corruption and cronyism impede growth in some Asian countries but not in others? Building upon theoretical advances in the fields of rent-seeking, transaction costs, and the new institutional economics, this study finds that if there is a balance of power among a small and stable number...
Persistent link: https://www.econbiz.de/10014033889
Abstract The East Asian countries have achieved a spectacular average rate of economic growth over the last 30 to 40 years, with very substantial diversification and economic development. Korea, for example, managed to transform itself from being a largely agricultural society in 1960 to the...
Persistent link: https://www.econbiz.de/10011107687
This study investigates the relationship between economic growth and environmental sustainability in the East and South-East Asian countries focused on the environmental Kuznets curve hypothesis, using data from environmental performance index (EPI) in 2010. Both pollution and eco-efficiency...
Persistent link: https://www.econbiz.de/10013088725
a greater challenge. They will call for policies that provide the needed infrastructure, and, particularly, they will …
Persistent link: https://www.econbiz.de/10014077801
This is an important and ambitious book but its timing could not be more unfortunate. It is the result of a two year research project co-sponsored by the Economic Development Institute (EDI) at the World Bank and by the Center for Economic Policy Research at Stanford University. The contributors...
Persistent link: https://www.econbiz.de/10011110023
-Saharan Africa has been marginalised by contemporary industrialisation. The unenviable trend has been blamed for the escalation of … objectives of this study are to examine the state of industrialisation in Sub-Saharan Africa. It employs empirical data to … output for several countries. The study therefore presents a comprehensive framework aimed at scaling-up industrial policies …
Persistent link: https://www.econbiz.de/10010670311
This paper has revisited the roles of agricultural sector development for Sub-Saharan Africa (SSA) in responding to the twofold challenges – broadening the base of economic growth and sustaining growth momentum. Based on a holistic and long-term perspective on the mechanism of an economic...
Persistent link: https://www.econbiz.de/10012972228