Asia’s Next Giant: South Korea And Late Industrialization

"Korea is an example of a country that grew very fast and yet violated the canons of conventional wisdom." Instead of liberalization, entrepreneurship, export specialization and the play of market forces, Professor Amsden of the Harvard Business School traces Korea's success to strong government that gave large firms protection and support in return for good use of imported technology and cheap labor. Her findings-supported by a look at several major industries-not only give a new picture of Korea but challenge much conventional economic teaching about development.