The East Asian High-Tech Drive

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The East Asian High-Tech Drive

9781845426187 Edward Elgar Publishing
Edited by Yun-Peng Chu, Professor of Economics and Director, Research Center for Taiwan Economic Development, National Central University, Taiwan and Hal Hill, H.W. Arndt Professor of Southeast Asian Economies, Australian National University
Publication Date: 2006 ISBN: 978 1 84542 618 7 Extent: 416 pp
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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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.

Yun-Peng Chu and Hal Hill have gathered together a strong and cohesive collection of papers written by country experts on the issue of high-tech industrialization in East Asia. They present case studies of Singapore, Korea, Taiwan, Malaysia, the Philippines, Thailand, the PRC and Indonesia. The book uses a new measure of the skill intensity of exports that, it is argued, deepens our understanding of industrialization trajectories in this important and dynamic region. There are also detailed examinations and assessments of government policies in each economy. The editors have prepared an overview chapter that summarizes and integrates the main results of cross-country comparisons in a coherent manner.

Academics, scholars and researchers of economic development, industrial and technology studies and Asian studies will all find much to engage them within this book.
Contributors
Contributors: K. Bird, Y.-P. Chu, H. Hill, M. Krongkaew, T. Krongkaew, H.M.Z. Ragayah, J.-S. Shin, G.R. Tecson, S.-Y. Tham
Contents
Contents:
Preface
1. An Overview of the Issues
Hal Hill and Yun-Peng Chu

2. Three Paths for High-Technology Catch-Up: Singapore, Korea and Taiwan
Jang-Sup Shin and Yun-Peng Chu

3. High-Tech Industrialisation and Local Capability Formation in South Korea
Jang-Sup Shin

4. The Political Economy of Taiwan’s High-Tech Industrialisation: The ‘Developmental State’ and its Mutinous Mutation
Yun-Peng Chu

5. Moving Towards High-Tech Industrialisation: The Case of Malaysia
Tham Siew-Yean and Haji Mat Zin Ragayah

6. High-Tech Industry Development in the Philippines: At a Dangerous Crossroad?
Gwendolyn R. Tecson

7. Thailand as a High-Tech Industrial Economy: An Impossible Dream?
Medhi Krongkaew, with Teeraya Krongkaew

8. Indonesian Industrial Policies: Before and After the Crisis
Kelly Bird and Hal Hill

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