Econ 4450 (2010) Note 15 - Econ 4450 Note 15 1 Case 8 We...

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Econ 4450 Note 15 1
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Case 8 We have been questioning what does it take to (a) industrialize ‘successfully’, i.e., i) among high tech industries (not textile, ‘jewel design’) H. K. ii) under own brand (not just backing foreigners) Singapore iii) on the world market (not satisfying domestic taste) PRC (b) in today’s world, (unlike Philips from Einthoven) (c) from ‘the South’, (unlike Sony from Japan, not in ‘South’) using East Asian SMEs as exemplars. Specifically, I. Whether government help is needed? II. What sort of help? 2
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On (a) – What counts for success? Why i) ? first, reliance on low wage is surely not enough second, not focusing on cutting edge may be left out Why ii) ? by not mastering one’s own fate, one might get shortchanged Why iii) ? being parochial, one might becoming obsolescent
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This note was uploaded on 04/29/2010 for the course ECON 4450 taught by Professor Wan during the Spring '09 term at Cornell University (Engineering School).

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Econ 4450 (2010) Note 15 - Econ 4450 Note 15 1 Case 8 We...

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