Prospects for East Asian Economic Governance

Ingyu Oh, Hun-Joon Park, Shigemi Yoneyama and Hyuk-Rae Kim

Chapter 9 in Mad Technology, 2005, pp 155-171 from Palgrave Macmillan

Abstract: Abstract The previous chapter discussed how large corporations in Korea are defending their technological advantage from external threats, including mad technologies, by reinforcing transactional governance through a policy of constant organizational innovation. In our case study chapters, we discovered that the private sectors in Japan and Taiwan are also strengthening their capacities to undertake technological and organizational innovations in order to fight back against mad technologies. All of this indicates that macroeconomic governance by the public sector is weakened to the extent that it no longer seems to be able to regulate global economic contingencies, as the Asian financial crisis of the late 1990s clearly indicated.

Keywords: Foreign Direct Investment; Democratic Progressive Party; Governance Framework; Asian Financial Crisis; Financial Liberalization (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-55492-4_9

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DOI: 10.1057/9780230554924_9

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