Description
In mid-May 1997, a financial crisis erupted in Asia after an attack by private investors on the baht, the Thai currency. The crisis spread quickly across the region, where investor confidence plummeted, resulting in massive capital outflows, stock market collapses, high unemployment, and even insurrection. The Asian 'economic miracle' that had stimulated so much awe and even dread, now invoked pity and apprehension in greater measure. The contributors to this volume investigated change in the innovation and production systems of Asian states in response to economic and political upheaval. They conducted empirical studies of several regional industries - autos, semiconductors, and hard disk drives - and seven different national economies: China, Malaysia, Japan, Singapore, South Korea, Thailand, and Taiwan. In the face of crisis and global competition, the Asian states superimposed change at the margins, seeking unique technohybrid solutions to build capabilities to compete in local, regional, and even global markets.
Chapter
The Organization of the Volume
2 Japanese Production Networks in Asia
From Japanese to Asian Crisis
Japanese Technonationalism
3 Crisis and Innovation in Japan
Japan’s Technology Champions
The Case of the Giant Hitachi
New Entrepreneurial Champions?
Creating a Science and Technology Policy
4 Crisis, Reform, and National Innovation in South Korea
Government and Policy Environment
Domestic Industrial R&D Activities
Domestic Support Infrastructure
Corporate Governance and Management
Labor Movement and Sociocultural Factors
5 From National Champions to Global Partners
The Asian Crisis and Korean Economic Nationalism
From Technonationalism to Technoglobalism?
The Development of the Korean Auto Industry: How Statist? How Autonomous?
Opening the Korean Auto Sector
The State and Technological Development in the Auto Industry
6 Crisis and Adaptation in Taiwan and South Korea
Two Approaches to Innovation in the Semiconductor Industry
Technological Innovation in Taiwan and Korea
Origins of the Taiwanese Foundries
Origins of the South Korean Integrated Device Manufacturers
Building Capacity in Taiwan
Crisis and Adaptation in South Korea
Conclusion: Continuity and Change
7 China in Search of a Workable Model
Reform through the Early 1990s
Policy Shift: More Open, More Players
New Millennium, New Technology Policy?
A Big Emerging Market and Big Security Concerns
8 Economic Crisis and Technological Trajectories
Challenges of Globalized Production Networks
Different National Capacities Constitute One Regional Industry
Institutional Challenges of New Industrial Policies
Variation in Institutional Capacities
Explaining Institutional Capacity: External Threats, Domestic Coalitions
The Crisis and National Responses
Conclusions and Implications
Sources of Policy and Institutional Change
9 Continuity and Change in Asian Innovation
The Asian “Financial Crisis” Revisited
Crisis and Choice in Asian Innovation
Institutions of Innovation
Capabilities: The Dynamics of Innovation