South Korea has been quietly growing into a major economic force, even challenging Japan in some industries. This growth may be seen as an example of "late industrialization" and this book discusses this point.
Under free-market shock therapy, many economies of former socialist countries of Eastern Europe have declined. Why has there been so much stagnation, inflation, and de-industrialization, and what can be done to produce a turnaround? This book addresses these questions in revealing detail.
Alice H. Amsden describes how some developing countries outside the North Atlantic area were able to achieve accelerated economic growth following World War Two.
Study of the impact of multinational enterprise on labour relations in Kenya between 1945 and 1970 and the role played by the kenyan employers organization - describes racial discrimination prevalent prior to accession to independence, covers subsequent developments in respect of minimum wages, trade unions, collective bargaining, strike activity, etc., and comments on relevant labour legislation. ILO mentioned. Bibliography pp. 169 to 181 and references.
South Korea has been quietly growing into a major economic force, even challenging Japan in some industries. This growth may be seen as an example of "late industrialization" and this book discusses this point.
First Published in 1971. This volume is an historical look at Kenyan international firms and labour, starting in 1945 and ending at the years of independence and the introduction of collective bargaining in 1967.
With close attention to the history and institutional realities of the region, The Market Meets Its Match explains the failure of the simplistic market medicine administered in the first five years of transition. Merely "getting the prices right"--Lowering wages and raising interest rates and energy prices - won't improve competitiveness, the authors argue, as long as nonlabor costs such as the quality of goods, product design, outmoded technology, and inefficient distribution channels remain problems. Easing these bottlenecks requires long-term capital accumulation and profit maximization. The institutions necessary for such growth have not developed under Eastern Europe's new "pseudo-capitalism," as the authors demonstrate, and "pseudo-privatization," while distributing state property to citizens, has not provided them with the capital and technology they need to succeed.
A study of how latecomers catch up in high-tech industries and modern services, based on an in-depth analysis of Taiwan's premier enterprises and government policies. In this book Alice Amsden and Wan-wen Chu cover new ground by analyzing the phenomenon of high-end catch-up. They study how leading firms from the most advanced latecomer countries like Taiwan have increased their market share in mature high-tech industries and services. The profits that true innovators in these industries once enjoyed have already declined, but profit rates are still above average. The latecomer firm that succeeds in capturing these rents earns "second-mover" advantage. Amsden and Chu examine the successful second movers in electronics and modern services. The critical factors, they show, are the government policies and large-scale firms that drive skills, speed, and scale. R&D in Taiwan was usually undertaken in conjunction with government labs, which prepared the way for local production of the next hot, mature product. Speed in ramping up at the firm level depended on project execution capabilities and access to capital. Scale proved to be an absolute entry requirement in modern service sectors, and was crucial to win subcontracts from leading foreign firms and to secure key components from world-class suppliers in the electronics industry. The authors challenge current orthodoxy along two lines. First, they argue that government played an important role through interventions that went beyond the market model and overcame the limitations of networking. Interventions possibly promoted mature high-tech even more than mid-tech. Second, the entrepreneurs in Taiwan were nationally owned large-scale firms rather than multinational companies.
Study of the impact of multinational enterprise on labour relations in Kenya between 1945 and 1970 and the role played by the kenyan employers organization - describes racial discrimination prevalent prior to accession to independence, covers subsequent developments in respect of minimum wages, trade unions, collective bargaining, strike activity, etc., and comments on relevant labour legislation. ILO mentioned. Bibliography pp. 169 to 181 and references.
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