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This 8 page paper looks at the extent theories of ‘late industrialization’ are confirmed by the rise and the distinctive institutional and organizational characteristics of the East Asian economies during the second half of the twentieth century. Countries considered include Japan, Korea, Taiwan and Indonesia. The bibliography cites 7 sources.
Page Count:
8 pages (~225 words per page)
File: TS14_TEindasia.rtf
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the examples of earlier industrialisation, the global context in which it occurs cannot fail to have an impact, aiding the development at a faster pace due to the interference and
influence of the already developed and industrialised countries. The pattern of late industrialisation may be seen as confirmed by the rise of the East Asian countries in the latter part
of the twentieth century, but there are also some contradictions and developments which are a change on the traditional late industrialisation theories. Gerschenkron (1962), put forward the argument that
when late industrialisation took place in developing countries could be curtailed due to the ability to gain from transfers of knowledge for more developed counties. The fact that the nations
that are developing may be seen as more in need of help due to their more backward status in terms of development as Gerschenkron states "the development in a backward
country may, by the very virtue of its backwardness, tend to differ fundamentally from that of an advanced country" (1962). The way this occurs means that models such as the
industrialisation of other countries, such as Britain and other western nation that followed an organic path of development is inappropriate. Development here took decades. Although the British case may be
seen as a blueprint for many development models it is not accurate for Asia where a different more speedy path has been followed. Karl Marx believed that the developed
states presented a model that the developing nations would follow by default (Marx, 1974). Veblen, (1939) agreed but argued that as the process took place each subsequent nation following the
path would be able to benefit from the lessons of the past an improve on it. Site the case of Germany and its development which was one of greater levels
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