ASIA.INST: Financing Late Industrialisation in Historical Perspective: Interpreting East Asian Models and Globalisation

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                ABSTRACTS IN ECONOMIC HISTORY
                     (c) 2001 EH.Net
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Name: Jang-Sup Shin
Email: ecssjs@nus.edu.sg
Institution: National University of Singapore

Co-author: none

Title: Financing Late Industrialisation in Historical Perspective:
Interpreting East Asian Models and Globalisation

Internet Address of abstracted work: not available

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Singapore 119260

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Abstract:
This paper compares two different models of financing late
industrialisation: substituting versus complementing strategy.
Gerschenkron (1962), in his classic studies of the European
industrialisation in the latter half of the 19th century, paid
attention only to the substituting strategy. In the East Asian
industrialisation in the latter half of the 20th century, however, we
observe the emergence and growing importance of complementing
strategy, which was closely associated with globalisation of the
world economy. While interpreting different paths of late
industrialisations among East Asian countries in terms of
substituting versus complementing strategy, the paper attempts to
extend the analysis to explaining divergent performance among them in
the late 1990s, especially after the Asian financial crisis. It
focuses on the question of system transition for latecomers in
responding to challenges from accelerated globalisation.

Bibliography: Shin, Jang-Sup. "Financing Late Industrialisation in
Historical Perspective: Interpreting East Asian Models and
Globalisation." Working Paper, National University of Singapore. 2001.

Subject: D,H
Geographical Area: 2
Country/Region: East Asia
Time Period: 9

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