The result of a collaboration between a leading trade economist and a leading economic sociologist specializing in East Asia, this volume offers an original explanation of the development paths of post-World War II Korea and Taiwan. that attempts to reshape the way economists, sociologists, and political scientists will think about economic organization in the future. One of the principal empirical findings, within their theory of how capitalist economies become organized, 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.
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The economies of South Korea and Taiwan in the second half of the 20th century are to scholars of economic development what the economy of Britain in the late 18th and early 19th 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 South 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.About the Author:
Robert C. Feenstra is a Professor in the Department of Economics at the University of California, Davis. He also directs the International Trade and Investment program at the National Bureau of Economic Research, in Cambridge, Massachusetts. He is the former editor of the Journal of International Economics and an Associate Editor of the American Economic Review. Feenstra has published over 70 articles in international trade and edited 8 books. Gary G. Hamilton is a Professor of Sociology at the Jackson School of International Studies at the University of Washington. He has published numerous books and articles, including most recently Cosmopolitan Capitalists: Hong Kong and the Chinese Diaspora at the end of the 20th Century, editor and contributor (University of Washington Press, 1999), The Economic Organization of East Asian Capitalism, with Marco Orru and Nicole Biggart (Sage 1997) and Asian Business Networks, editor (de Gruyter, 1996).
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