Economics of the Latecomers: Catching-up, Technology Transfer, and Institutions in Germany, Japan, and South Korea
- Book Reviews,
by Yang-Sup Shin
Economics of the Latecomers: Catching-up, Technology Transfer, and Institutions in Germany, Japan, and South Korea FROM THE PUBLISHER Is 'backwardness' a disadvantage? Alexander Gerschenkron developed a model of economic development in which less-developed countries are not necessarily at a disadvantage to more advanced countries. The application of new strategies and the emergence of new institutions could systematically compensate for inadequate supplies of capital, skilled labour, entrepreneurship and technology found in the more advanced economies. With this in mind, The Economics of the Latecomers attempts to explicate the 'catching-up' process of the most spectacularly successful economies of East Asia, Japan and South Korea. Combining insights from economic history, development economics and the economics of technology, the book emphasises the need for historical models to understand historical processes. This perspective enables the author to demonstrate the limitations of neo-Schumpeterian approaches and the New Institutional Economics as means of analysing the development process.
FROM THE CRITICS Booknews
Explains the economic "catching-up" process in Germany and the
successful economies of East Asia, drawing on Alexander
Gerschenkron's model of economic development and combining insights
from economic history, development economics, and the economics of
technology. Emphasizing the need for historical models to understand
historical processes, comparisons of various regions between the
mid-19th century and the present demonstrate the limitations of
neo-Schumpeterian approaches and the New Institutional Economics as
means of analyzing the development process.
Annotation c. by Book News, Inc., Portland, Or.
Buy from Barnes & Noble
Compare Prices
|
|
Home
