The ABCS of Japanese and Korean Accumulation

Alice H. Amsden

in Asia's Next Giant

Published in print June 1992 | ISBN: 9780195076035
Published online November 2003 | e-ISBN: 9780199870691 | DOI:
The ABCS of Japanese and Korean Accumulation

Show Summary Details


This chapter is concerned with how acceleration in South Korean investments and exports was activated from the beginning of the 1960s, largely by exploiting its low‐wage advantage. The main emphasis of the chapter is on the details of the competitive advantage of Korea over Japan with regard to the cotton textile industry. The various aspects covered are the emergence of an international division of labor, the model of accumulation pasted together by the Korean military regime in the early 1960s, Korean trade policies (import restrictions, export dependence and incentives, the tariff structure), and Korean investment policy.

Keywords: cotton textile industry; economic development; export dependence; government control; import restrictions; incentives; international division of labor; investment policy; Japan; low wages; market competition; South Korea; tariffs; trade policy

Chapter.  9375 words. 

Subjects: Economic Development and Growth

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content. subscribe or login to access all content.