The important book contends that South Korea's phenomenal economic growth is attributable to "late industrialization," the process in which a nation's industries learn or borrow from other innovator nations, rather than innovate themselves. Amsden focuses on the principle of reciprosity and compares South Korea's experience to that of Japan and other late industrializing nations.
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The important book contends that South Korea's phenomenal economic growth is attributable to "late industrialization," the process in which a nation's industries learn or borrow from other innovator nations, rather than innovate themselves. Amsden focuses on the principle of reciprosity and compares South Korea's experience to that of Japan and other late industrializing nations.
Read Less
