Econ 4450 (2010) Note 17 - called the Icarus Effect by...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Econ 4450 Note 17
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Case 9 The three stages of Korean development 1. The initial success of Korean catching – up was export drive after the adoption of outward-oriented development, as President Park took power. Wan (2006) Article 5 formalized the discussion in Jones and Sakong (1980) 2. Next, soon is the rejection of the Taiwan model (as reported in Stern et al, (1995), Industrialization and the state. Two principles are involved: Cross-subsidization and Directed Credit Chaebuls were nurtured to develop Heavy and Chemical Industries. See Wan (2004), Ch. 7. for details
Background image of page 2
There was great achievement, but also at great cost, which was
Background image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: called the Icarus Effect by Linsu Kim (1997). 3. The most recent stage is the achievement of horizontal division of labor relative to Japan, in memory chips, mostly by the private firms themselves in cell phone, with some support of the State. See the assigned paper by Lee and Lim (2001) on Bb. Government provided specific information, organized research consortium, and declared the adoption of CDMA as Korean standard, to allow Korea becoming a power in cell-phone. This is more technology specific than anything Taiwan tried. It seems the State is also more involved than for cars, ships....
View Full Document

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).

Page1 / 3

Econ 4450 (2010) Note 17 - called the Icarus Effect by...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online