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Unformatted text preview: power al wasted, so that with the subsidy of the Bank of Japan and the assistance of the Japanese general trading companies , the owner of firms in traditional industries became ready to invest abroad. The question became where to go? Since Korea and Taiwan were under Japanese administration before the end of World War II, many people their could speak Japanese. They and the would-be investors from Japan also know what is expected from each other in a joint venture. Since the historic relationships between Japan on one side and Korea 2 1 3 4 The process 1 good, 1 country The process n goods, 1 country The process n goods, n countries The context Econ 4730 F2008 (9/22/2008) and Taiwan on the other side are somewhat different for Korea, as compared against Taiwan., it took longer for Korea to normalize the economic relations with Japan than for Taiwan, but once started, Korea caught up with Taiwan fast....
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This note was uploaded on 02/20/2009 for the course ECON 4730 taught by Professor Henrywan during the Fall '08 term at Cornell University (Engineering School).
- Fall '08