The Economics of the Latecomers: Catching-Up, Technology Transfer and Institutions in Germany, Japan and South Korea (Routledge Studies in the Growth Economies of Asia)

This book examines the spectacularly successful economies of East Asia, Japan and South Korea. The comparison of the 'catching-up' process in Japan and South Korea includes studies of the iron and steel and semi-conductor industries. The author shows the difficulties involved in trying to detect general patterns of development, as both countries appear to respond to different technological imperatives. As a result general models of development should be treated with caution, given the need to consider different historical and institutional contexts.