Catching-Up, Crisis and Industrial Upgrading.

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dc.contributor.author	Ernst, Dieter
dc.date.accessioned	2010-07-02
dc.date.accessioned	2010-07-02T09:16:55Z
dc.date.available	2010-07-02T09:16:55Z
dc.date.issued	2010-07-02
dc.identifier.isbn	87-7873-054-6
dc.identifier.uri	http://hdl.handle.net/10398/8101
dc.description.abstract	This paper addresses a puzzle: How is it possible that a country that has established a broad, export-oriented industrial base at record speed, remains vulnerable to the vicissitudes of international finance and currency markets? I argue that the Korean model that was tremendously successful for catching-up, has now reached its limits. The analysis centers on the co-evolution of industry structure and firm behavior. The focus is on the role of technological learning for the development of the electronics industry, a main carrier of Korea´s successful late industrialization. It is shown that a heavy reliance on credit and an extremely unbalanced industry structure have given rise to a narrow knowledge base and a sticky pattern of specialization. Catching-up has focused on capacity and international market share expansion for homogeneous, mass-produced products; very little upgrading has occurred into higher-end and rapidly growing market segments for differentiated products and services. Such truncated upgrading is one important reason for Korea´s vulnerability to the financial and currency crisis.	en_US
dc.format.extent	80 s.	en_US
dc.language	eng	en_US
dc.publisher	Copenhagen Business School	en_US
dc.relation.ispartofseries	DRUID;98-16
dc.subject.other	learning; innovation; catching-up; industrialization; industrial upgrading; industrial	en_US
dc.title	Catching-Up, Crisis and Industrial Upgrading.	en_US
dc.type	wp	en_US
dc.accessionstatus	modt10jul02 siso	en_US
dc.contributor.corporation	Copenhagen Business School. CBS	en_US
dc.contributor.department	Institut for Innovation og Organisationsøkonomi	en_US
dc.contributor.departmentshort	INO	en_US
dc.contributor.departmentuk	Department of Innovation and Organizational Economics	en_US
dc.contributor.departmentukshort	INO	en_US
dc.idnumber	x645054827	en_US
dc.publisher.city	København	en_US
dc.publisher.year	1998	en_US
dc.title.subtitle	Evolutionary Aspects of Technological Learning in Korea's Electronics Industry	en_US