Institutions and Dynamic Comparative Advantage: The Electronics Industry in South Korea and Taiwan
Ashoka Mody
Cambridge Journal of Economics, 1990, vol. 14, issue 3, 291-314
Abstract:
If development proceeds by stages, then Taiwan (as a more developed economy) should have preceded South Korea into high technology (capital--and knowledge intensive) production. In fact, Korea has overtaken Taiwan in many respects. The resolution of the paradox is traced principally to differences in industrial and firm structures in the two countries. The conglomerate organizational mode in Korea has permitted entry into many markets; the smaller Taiwanese firms have been unable to sustain themselves in these markets. As there firms head onto the 1990s, the limitations of their present industrial structures presage a possible convergence, with each moving towards the other. This paper suggests the importance of studying flexible institutional response, and particularly the inner workings of a firm, as an integral element of a theory of dynamic comparative advantage. Copyright 1990 by Oxford University Press.
Date: 1990
References: Add references at CitEc
Citations: View citations in EconPapers (11)
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:oup:cambje:v:14:y:1990:i:3:p:291-314
Ordering information: This journal article can be ordered from
https://academic.oup.com/journals
Access Statistics for this article
Cambridge Journal of Economics is currently edited by Jacqui Lagrue
More articles in Cambridge Journal of Economics from Cambridge Political Economy Society Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press ().