Suchergebnisse

This study shows that many bad loans now burdening Taiwan's financial institutions are interrelated with the society's democratization which started in the late 1980s. Democratization made the local factions and business groups more independent from the Kuomintang government. They acquired more political influence than under the authoritarian regime. These changes induced them to manage their owned financial institutions more arbitrarily and to intervene more frequently in the state‐affiliated financial institutions. Moreover they interfered in financial reform and compelled the government to allow many more new banks than it had originally planned. As a result the financial system became more competitive and the qualities of loans deteriorated. Some local factions and business groups exacerbated the situation by establishing banks in order to funnel funds to themselves, sometimes illegally. Thus many bad loans were created as the side effect of democratization.

The electronics industry is the largest manufacturing sector and also forms the largest export industry in both the Republic of Korea (South Korea) and Taiwan. However, the industry's development process and present makeup differ greatly in the two economies. The author shows that in its initial stage the electronic industry in both South Korea and Taiwan followed a similar development process until the mid-1970s. They had a dual structure where a domestic demand sector co-existed with an export sector. The author discusses the differences that arose between South Korea and Taiwan in the mid-1970s and examines the mechanism for the formation of such differences. He argues that such developments reflected differing government policies. (DÜI-Sen)

This book sheds new light on the advancement of various industries in developing Asian countries through an application and re-examination of catch-up industrialization theory. With contributors presenting their own perspectives on the progression of a range of different industries in Asia, this volume provokes readers to reconsider their current understanding of industrialization in latecomer countries. More specifically, the chapters discuss Taiwan's semiconductor industry, Korea's steel industry, and Malaysia's palm oil industry, amongst others. The authors also explore the 'catch-down' innovation strategy in China and India. Varieties and Alternatives of Catching-up provides a thorough analysis of the strategies employed by numerous Asian countries to radically transform their low-income agricultural economies to middle-income industrialized ones. This book is essential reading for researchers and scholars interested in Asian economic development.

Book Reviews in This Article: Enterprise and the State in Korea and Taiwan. Industrialization and the State: The Korean Heavy and Chemical Industry Drive.

The extremely rare type of high level, sustained postwar economic growth experienced by the Republic of Korea (South Korea) and Taiwan has drawn the attention of many scholars interested in economic development. The authors of this paper suggest that there were different mechanisms by which the two economies developed and discuss the reasons why these mechanisms are different. After looking at the similarities in development patters (export-led industrialization relying on U.S. and Japanese markets, they examine the reasons for the differences in development mechanisms in South Korea and Taiwan. (DÜI-Sen)