This work covers in depth the new patterns of manufacturing and technology transfer that are emerging as Japanese companies seek to harness Asia's technological resources, and to utilise them to compete both regionally and globally.

Analyzes the changes engendered in the global political economy by the rise of the Pacific Rim economies. Topics include technology and industrial development in the region, technology transfer patterns in Pacific Asia, an analytic framework for measuring technological development, and technology strategies in countries including Korea, Singapore, Malaysia, Indonesia, and Japan. Annotation copyright by Book News, Inc., Portland, OR

Until recently, double-digit economic growth was not unusual among Asian countries and, in fact, had come to be expected of them. From western India to northeastern China, markets were booming and incredible numbers of foreign investors were racing into the Asian markets. Scholars have written laudatory books and articles, politicians want to ensure that trade with Asian countries continues on a rising trajectory, and business leaders have become the new promoters of Asian prosperity. This book attempts to inject a note of caution and reality, while giving Asian countries well-deserved credit for improving their economic status. Technological, managerial, and institutional deficiencies need to be addressed in Asian countries if the progress of the past two decades is to be restored and preserved. Although Asian nations, particularly Japan, have invested heavily in R&D, their success mainly derives from process improvements and not from new product innovations. Technology and science are the foundations of modern economic civilization, and Asia's assets fall behind Western countries in both areas. The centrality of family-based organizations in some Asian economies and the dependence on horizontal/vertical networks in others also limits the ability of Asian firms to become global operations. The lack of adequate institutions such as an independent judiciary and a responsive polity, and the absence of organizations to bridge the gap between between familism and the government, results in an uncertain societal framework in much of Asia. If robust economic growth is to return, Asian economies must rectify the weaknesses Arogyaswamy exposes in this provocative and timely book.

As part of the New Horizons in International Business series, this volume examines structural competitiveness in the Pacific. It examines the role of the Pacific in the global economy and examines both America's and Japan's structural competitiveness.

'This is a very good piece of research. As a book, it is important because it focuses on important conceptual and empirical issues, namely the role of government and industrial policy in promoting rapid economic growth; and particularly the case of Taiwan as an exemplar of rapid industrial development. The author convincingly refutes the view that sector-specific industrial policy was an important source of Taiwan's rapid industrial growth in the 1980s.' - Hugh T. Patrick, Columbia University, US 'Dr Smith takes Taiwan and Korea as case studies to address fundamental questions concerning the rapid growth and subsequent financial crisis in East Asia: * were the Taiwan and Korean governments interventionist in the 1980s? * did industry policy play a role in the financial crisis of 1997-1998? Heather Smith has put together a comprehensive discussion of strategic industry policy. She analyses at length the fascinating connection between the growth of the chaebol in Korea, its links to the government and to the financial sector, and the unravelling of the financial crisis in Korea. Her analysis throws light on the fundamental strength that Taiwan has shown throughout the crisis. These are fascinating and important questions vital to the economics profession and of interest to the enormous contingent of economic commentators following the East Asian crisis.' - Ron Duncan, Australian National University, Australia The growth in global competitiveness and interdependence has led to an increased interest in the role of industrial policy in achieving economic growth objectives. Heather Smith reignites the contentious debate of the role of the state using East Asian economic development in general with particular emphasis on Taiwan and Korea. Using quantitive techniques, the author analyses the view that industry policy interventions were a necessary factor explaining Taiwan's economic performance in the 1980s.

Postcolonial Third World states have historically faced two major challenges: the promotion of economic development and the creation of stable democracies. These challenges persist today; in the face of globalization. While some developing former colonial countries have gotten a foothold up on globalization others are not so fortunate. In Democratization, Development and the Patrimonial State in the Age of Globalization author Eric Budd investigates and compares forms of patrimonialism in several developing states. The traditional criticism of development countries, leveled by liberal democracies and their constituents, is that too much patrimonialism acts as a barrier in the face of economic development and democratization. The author considers this criticism through a comparative study of the Philippines, Peru, Taiwan, Chile, Ecuador, and Indonesia. Each case holds a specific relationship to patrimonialism. As a result these cases provide the author with a unique window into the question of patrimonialism and its effect on economic development and the development of democratic societies. Democratization, Development and the Patrimonial State in the Age of Globalization offers a significant contribution to disciplinary discussions in international relations, economics, sociology, development studies and globalization studies.

This volume, and its companion, Industrial Technology Development in Malaysia, examine and evaluate Malaysian industrialization in terms of its experience of and prospects for industrial technology development. The focus is on role played by state-sponsored innovation in the process economic development and in the context of national development st

Examines regional trends and developments in the Pacific Rim in the field of human resource development of technology.