Download or read book The Economics of the Latecomers written by Jang-Sup Shin and published by Routledge. This book was released on 2013-05-13 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the spectacularly successful economies of East Asia, Japan and South Korea. The comparison of the 'catching-up' process in Japan and South Korea includes studies of the iron and steel and semi-conductor industries. The author shows the difficulties involved in trying to detect general patterns of development, as both countries appear to respond to different technological imperatives. As a result general models of development should be treated with caution, given the need to consider different historical and institutional contexts.