Interpreting East Asian Growth and Innovation: The future of Miracles

List of Tables List of Figures Acknowledgements INTRODUCTION THE MIRACLE OF EAST ASIAN GROWTH IS THE ASIAN MIRACLE A MYTH? The controversy over technical progress in East Asia Sources of long-term growth in East Asia Tales of cities and nations in East Asia: the growth paradox Total factor productivity for Korea Total factor productivity for Taiwan Appendix: methodological critique of the growth accounting approach MAKING A MIRACLE: A NEW APPROACH Can the new growth theory help? Increasing returns and positive feedback loops to the rescue Positive feedback loop innovation systems and strategic complementarities: the possibility of multiple equilibria Technological systems as complex structures A 'simple' non-linear model of complexity Translating the non-linear model Technology systems and POLIS The social accounting matrix and technology systems Further analysis of the modern technology system with a SAM Non-linearities and linear approximations Appendix: criticisms of the new growth theory from the development economies perspective KOREA: THE MAKING OF A POLIS? The development of modern technology in Korea Learning to innovate: the Korean national innovation system Modern technology system in a SAM for Korea TAIWAN: BUILDING A POLIS The electronics sector in Taiwan The electronics sector But does Taiwan have a POLIS? ASIA'S FINANCIAL BLUES: THE END OF POLIS? Financial structures and POLIS South Korea's descent into chaos Prelude to the crisis: financial liberalization and investment growth The crisis unfolds Taiwan: playing a different game Policies for financial system development Financial preferenctial policy Strategic industry financing system Asia's Financial Blues: The End of POLIS? CONCLUSIONS Bibliography Index