The economies of South Korea and Taiwan in the second half of the
twentieth century are to scholars of economic development what the
economy of Britain in the late eighteenth and early nineteeth
centuries is to economic historians. This book, first published in
2006, is a collaboration between a leading trade economist and a
leading economic sociologist specializing in East Asia, and offers
an explanation of the development paths of post-World War II Korea
and Taiwan. The ambitions of the authors go beyond this, however.
They use these cases to reshape the way economists, sociologists,
and political scientists will think about economic organization in
the future. They offer nothing less than a theory of, and extended
evidence for, how capitalist economies become organized. One of the
principal empirical findings is that a primary cause for the
industrialization of East Asia is the retail revolution in the
United States and the demand-responsiveness of Asian manufacturers.
General
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