Interpreting East Asian Groth and Innovation: The future of Miracles [Hardcover]

Haider A. Khan goes beyond the study of catch-up technology and raises the question of innovation processes that are the key to the future growth and prosperity of the East Asian economies. This is particularly important in the aftermath of the Asian financial crises that have cost these economies much. How can newly industrialized economies achieve cohesive systems of innovation for sustainable growth? The author offers a novel theory of innovation systems with concrete case studies to illustrate its usefulness.List of Tables List of Figures Acknowledgements INTRODUCTION THE MIRACLE OF EAST ASIAN GROWTH IS THE ASIAN MIRACLE A MYTH? The controversy over technical progress in East Asia Sources of long-term growth in East Asia Tales of cities and nations in East Asia: the growth paradox Total factor productivity for Korea Total factor productivity for Taiwan Appendix: methodological critique of the growth accounting approach MAKING A MIRACLE: A NEW APPROACH Can the new growth theory help? Increasing returns and positive feedback loops to the rescue Positive feedback loop innovation systems and strategic complementarities: the possibility of multiple equilibria Technological systems as complex structures A 'simple' non-linear model of complexity Translating the non-linear model Technology systems and POLIS The social accounting matrix and technology systems Further analysis of the modern technology system with a SAM Non-linearities and linear approximations Appendix: criticisms of the new growth theory from the development economies perspective KOREA: THE MAKING OF A POLIS? The development of modern technology in Korea Learning to innovate: the Korean national innovation system Modern technology system in a SAM for Korea TAIWAN: BUILDING A POLIS The electronics sector in Taiwan The electronics sector But does Taiwan have a POLIS? ASIA'S FINANCIAL BLUES: THE END OF POLIS? Financial structures and POLIS South Korea's descent into chaos Prelude to the crisis: financial lil-