Evolutionary Dynamics of Organizations or Asias Next Giant

Evolutionary Dynamics of Organizations

Author: Joel A C Baum

This book presents the latest research and theory about organizational evolutionary change. It brings together the work of organization theorists who have played key roles in challenging the orthodox adaptation views that prevailed until the beginning of the 1980s. Joel A.C. Baum and Jitendra V. Singh emphasize hierarchy of evolutionary processes at the intraorganizational level, the organizational level, the population level, and the community level. Derived from a conference held at the Stern School of Business at New York University, Evolutionary Dynamics of Organizations is organized in a way that gives order and coherence to what has been a diverse and multidisciplinary field.

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Asia's Next Giant: South Korea and Late Industrialization

Author: Alice H Amsden

While the rise of Japan in the world economy has been widely chronicled, South Korea has been quietly growing into a major economic force that is even challenging Japan in some industries. This book examines how government in South Korea has worked with selected industries to create companies that compete aggressively in world markets. The author views South Korean growth as an example of "late industrialization," a process in which a nation's industries learn from other innovator nations, rather than innovate themselves. Discussing state intervention, shop floor management, and technology transfer, the author explores the reason for South Korea's phenomenal growth. Of particular importance is the principle of reciprocity in which the government imposes strict performance standards on those industries and companies that it aids. The author also compares the South Korean experience to Japan's, and to other emerging nations such as Taiwan, Brazil, Turkey, India, and Mexico.

Journal of Economic

Definitely on my shortest lists of essential readings about Korean development and about the process of industrialization.

Sunday New York Times

[On] my own short list of must-reads of the best recent writing about modern economics.

Forei

Her findings -- supported by a look at several major industries -- not only give a new picture of Korea but challenge much conventional economic teaching about development.