Catching-Up, Crisis and Industrial Upgrading.

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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


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