The Co-evolution of Technology and Institutions in the Catch- up Process: The Case of the Semiconductor Industry in Korea and Taiwan

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This paper explores the industrial specialisation of latecomer countries, particularly Korea and Taiwan, which are often referred to as successful catch-up cases. The traditional wisdom is that the developmental state', resource leverage, and technological sophistication in an export-oriented strategy have been the factors for success. However, firm strategies and a supportive government are not sufficient to explain the different features of catch-up patterns. In this paper we propose that differences in industrial specialisation of catch-up countries are attributable to the interaction between technological characteristics and institutional settings, including corporate organisation, industrial structure, and the role of the public sector.
Publisher
ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
Issue Date
2014
Language
English
Article Type
Article
Keywords

SOUTH-KOREA; INNOVATION; PERFORMANCE; FLEXIBILITY; LESSONS

Citation

JOURNAL OF DEVELOPMENT STUDIES, v.50, no.9, pp.1240 - 1260

ISSN
0022-0388
DOI
10.1080/00220388.2014.895817
URI
http://hdl.handle.net/10203/192809
Appears in Collection
MG-Journal Papers(저널논문)
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