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Drawing upon case studies of the steel industry in the US, Japan, South Korea, Brazil and India, this book explains how and why the steel industry has shifted from advanced capitalist countries to late industrializing countries. Anthony P. D'Costa examines the relationship between industrial change and institutional responses to technological diffusion. He reveals the governments' and firms' differing responses to innovations lead to an uneven diffusion of technology and industrial reorganization. Moreover, when it becomes clear that existing institutional arrangements no longer serve the indu

This title seeks to understand what a successful country like South Korea does after it has attained 'development' and economic maturity. It looks at Korea and Asian regionalism; Korean business and innovation strategies in Asia; and Asian migration and immigrants in Korea.

This volume documents the ways in which Asian governments have been pursuing economic nationalism. It challenges the view that globalization renders the state redundant and demonstrates how they shape trade, investment and financial outcomes. Countries covered include India, China, South Korea, Singapore, Japan and the East Asian region.

The author captures the evolution of Indian industrial capitalism by extending the 'models of capitalism' and 'regulation framework'. Using principally the auto industry and anchoring the analysis to the expansion of markets, he demonstrates that the Indian state and businesses have been important institutions for creating markets. He acknowledges significant market growth, but also underscores several contradictions arising from such capitalist development. There is a wealth of data, which scholars, policymakers, and businesses will find very useful

Capitalist progress implies the destruction of the old and uncompetitive sectors and the creation of new ones in their wake. However, in the Global South the loss of jobs in the older sectors is not necessarily offset by the new forms of employment. The objective of this paper is to critically examine how the vast employment in the Indian handloom sector could be sustained, given the competitive pressures from alternative technologies and products. Rather than allow the sector to be a victim of capitalist progress, this paper on moral economy grounds offers an alternative approach, which is to boost the demand for handloom products through commercial branding but one that is rooted in cultural valorization of artisanal craft. This strategy, complementary to state provisioning of subsidized inputs, comes at the expense of authenticity but is expected to enhance consumption and sustain livelihoods in the handloom sector.

Capitalist progress implies the destruction of the old and uncompetitive sectors and the creation of new ones in their wake. However, in the Global South the loss of jobs in the older sectors is not necessarily offset by the new forms of employment. The objective of this paper is to critically examine how the vast employment in the Indian handloom sector could be sustained, given the competitive pressures from alternative technologies and products. Rather than allow the sector to be a victim of capitalist progress, this paper on moral economy grounds offers an alternative approach, which is to boost the demand for handloom products through commercial branding but one that is rooted in cultural valorization of artisanal craft. This strategy, complementary to state provisioning of subsidized inputs, comes at the expense of authenticity but is expected to enhance consumption and sustain livelihoods in the handloom sector.

AbstractSouth Korea's post World War II economic development trajectory is well known. From an impoverished warn‐torn nation, the country has progressed on all fronts. However, the objective is to focus on the "post‐development" question, namely, what does a country do after it becomes prosperous. To put it another way, what are some of the emergent challenges that successful development poses for Korea, and how might it tackle them. I use the concept of capitalist maturity to denote Korea's current state of prosperity and examine some of the economic, social, and political consequences. Some of these post‐development conundrums I argue have resulted from the transformation of Korea's state–business development partnership to a business–state political partnership in the context of a democratizing Korea. This paper examines the challenges and some of the policy options to address them, including the rebalancing of the state–business relationship.