Interpreting East Asian Growth and Innovation: The future of Miracles

Cover......Page 1
Contents......Page 8
List of Tables......Page 10
List of Figures......Page 12
Acknowledgements......Page 14
1 Introduction......Page 16
2 The Miracle of East Asian Growth......Page 23
3 Is Asian Miracle a Myth?......Page 32
The controversy over technical progress in East Asia......Page 33
Sources of long-term growth in East Asia......Page 34
Total factor productivity for Korea......Page 39
Total factor productivity for Taiwan......Page 40
Appendix: a methodological critique of the growth accounting approach......Page 45
Can the new growth theory help?......Page 47
Increasing returns and positive feedback loops to the rescue......Page 50
Positive feedback loop innovation systems and strategic complementarities: the possibility of multiple equilibria......Page 52
Technological systems as complex structures......Page 54
A \'simple\' non-linear model of complexity......Page 56
Translating the non-linear model......Page 61
Technology systems and POLIS......Page 62
The social accounting matrix and technology systems......Page 65
Further analysis of the modern technology system within a SAM......Page 70
Non-linearities and linear approximations......Page 75
Appendix: some criticisms of the new growth theory from the development economics perspective......Page 76
The development of modern technology in Korea......Page 79
Learning to innovate: the Korean national innovation system......Page 84
Modern technology system in a SAM for Korea......Page 88
6 Taiwan: Building a POLIS......Page 93
The electronics sector in Taiwan......Page 96
But does Taiwan have a POLIS?......Page 103
7 Asia\'s Financial Blues: The End of POLIS?......Page 108
Financial structures and POLIS......Page 110
Prelude to the crisis: financial liberalization and investment growth......Page 111
The crisis unfolds......Page 116
Taiwan: playing a different game?......Page 118
Policies for financial system development......Page 129
Financial preferential policy......Page 133
Strategic industry financing system......Page 135
8 Conclusions......Page 137
Notes......Page 145
Bibliography......Page 148
L......Page 194
T......Page 195
Y......Page 196