The East Asian High-tech Drive
Yunpeng Zhu, Hal Hill
Edward Elgar, 2006 - Technology & Engineering - 393 pages
East Asia has been an area of high economic growth for several decades. The East Asian High-Tech Drive argues that to maintain the growth momentum, the more advanced East Asian economies need to pay particular attention to policies designed to upgrade their industrial capabilities. The authors argue that effectively functioning institutions, predictable commercial policies, investments in human capital and infrastructure, openness and macroeconomic stability are essential for growth and technological development. Regarding the two lower income economies in the sample, Indonesia is found to have the smallest improvement in the skill intensity of its exports, while the Philippines has registered the slowest economic growth. For both countries, industrial upgrading issues are not as imperative as achieving or regaining rapid, labour-intensive growth as both recently experienced major political instabilities.
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activities Asia Bank billion yuan cent chaebols China commercial companies comparative advantage competitiveness country's crisis developing countries East Asian economic development economic growth Edward Elgar electronics industry enterprises environment equipment established export-oriented exports firms foreign direct investment funding global high-tech industrialisation high-tech industries import substitution incentives increase Indonesia industrial development Industrial Policy infrastructure initial innovation ISCED Korea labour labour-intensive mainly major Malaysia manufacturing sector million Ministry MNCs MNEs National OECD output period Philippines Plan political private sector programmes projects promotion R&D expenditure reform regime research institutes role Science and Technology semiconductor share Singapore Singapore's SMEs Soeharto Source South Korea strategy Table Taiwan Taiwanese tariff technology development technology transfer tertiary Thai Thailand trade TSMC University Press upgrading Urata value added value-added venture capital World World Bank Yun-Peng