Japan’s Role in the Development of Korean Technology

Robert Castley
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Robert Castley: University of Manchester

Chapter 4 in Korea’s Economic Miracle, 1997, pp 146-166 from Palgrave Macmillan

Abstract: Abstract Most would probably agree that technical progress is ‘one of the prime movers of economic growth’1 especially since it is rightly perceived to be a crucial ingredient in the process of industrialization. Technology is a key ‘input’, in that it combines the various factors of production. This ‘factor’2 partly accounts for the ability of Korea (and the other NICs) to modify the composition of output, improve productivity, enhance competitiveness and benefit from higher value-added in new segments of world markets. Despite its importance, little attention has been given to Korea’s acquisition of foreign technology in much of the literature on Korea, which is surprising given the general interest in her industrial development.

Keywords: Foreign Direct Investment; Technology Transfer; Foreign Investment; Joint Venturis; Foreign Firm (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-25833-8_5

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DOI: 10.1007/978-1-349-25833-8_5

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