Innovation and Industrialization in Asia

Existing accounts of East Asia "s meteoric growth and structural change has either been explained as one dictated essentially by markets with strong macroeconomic fundamentals, or a consequence of proactive governments. This book departs from such a dichotomy by examining inductively the drivers of the experiences. Given the evolutionary treatment of each economic good and service as different, this book examines technological catch up only in the automotive and electronics industries to keep the analyses to a manageable scope. The evidence produced supports the evolutionary logic of macro, meso and micro interactions between several institutions, depending on the actors involved, structural location and typology of taxonomies and trajectories. The book carefully picks out experiences from the populous economies of China, India and Indonesia, Korea and Taiwan that have successfully become developed in one generation from poor to developed, and the middle income countries of Malaysia and Thailand. This book was originally published as a special issue of Journal of Asia Pacific Economy