The Economics of the Latecomers - Shin, Jang-Sup
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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…mehr

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Produktbeschreibung
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.
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Autorenporträt
Jang-Sup Shin is currently working as a journalist for the Maeil Business Newspaper and TV in Seoul. He received his M.Phil. and Ph.D. from Cambridge University.