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Emergent Economies, Divergent Paths. Economic Organization and International Trade in South Korea and Taiwan

Опубликовано на портале: 19-12-2009
New-York: Cambridge University Press, 2006, cерия "Structural Analysis in the Social Sciences", 476 с.
The economies of South Korea and Taiwan in the second half of the twentieth century are to scholars of economic development what the economy of Britain in the late eighteenth and early nineteeth century is to economic historians. This book, a collaboration between a leading trade economist and a leading economic sociologist specializing in East Asia, offers a fresh, original explanation of the development paths of post-World War II Korea and Taiwan. The ambitions of the authors go beyond this, however. They use these cases to reshape the way economists, sociologists, and political scientists will think about economic organization in the future. They offer nothing less than a theory of, and extended evidence for, how capitalist economies become organized. One of the principal empirical findings is that a primary cause for the industrialization of East Asia is the retail revolution in the United States and the demand-responsiveness of Asian manufacturers. A highly unusual collaboration between a leading economist and a leading economic sociologist. An original theory of economic organization that is subject to multiple empirical tests and historical evidence. A brand new interpretation of the industrialization of East Asia



Part I. Business Groups and Economic Organization

1. The Problem of Economic Organization

2. Interpreting Business Groups in South Korea and Taiwan

3. A Model of Business Groups: The Interaction of Authority and Market Power in the Context of Competitive Economic Activity

4. Economic Organization in South Korea and Taiwan: A First Test of the Model

Part II. Emergence and Divergence of the Economies

5. The Origins of Capitalist Economic Organization

6. The Rise of Intermediary Demand: A Reassessment of the “Asian Miracle”

7. Global Matching, Demand Responsiveness, and the Emergence of Divergent Economies

8. Trade Performance of South Korea and Taiwan: A Second Test of the Model 

Appendix A: Mathematical Model of Business Groups

Appendix B: Examples of Differential Pricing Practices of Korean Groups

Appendix C: Hypothesis Tests of the Model

Appendix D: The Role of Debt in the Korean Financial Crisis, 1997