In the coming decades, globalization will force East Asian
countries to come to terms with a far more demanding global market
environment. Their ability to capitalize on the opportunities
inherent in this environment will rest in no small part on acquired
technological capability and IT skills and on how East Asian firms
enlarge the gains from participating in global production networks.
Government macroeconomic policies and institution building
activities will be vital for sustaining competitiveness and growth
but the initiative of firms will be the critical factor in assuring
that the future for East Asia is as bright as the past three
decades. The experience of a number of economies points insistently
towards the contribution of large firms to innovation, as well as
the branding and marketing of products on a global scale. An
environment that is conducive to the growth of national firms that
can compete against the multi-national corporations on world
markets, match their innovative capability, and vie with them in
creating global production networks would be part and parcel of a
development strategy pegged to technological advance. The papers in
Global Production Networking and Technological Change in East Asia,
by leading experts in their respective fields, present some of the
latest findings on global production networks, and the evolution of
technological capability.
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