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A Technological Perspective on The General Machinery Industry in the Republic of Korea

In: Machinery and Economic Development

Author

Listed:
  • Alice H. Amsden
  • Linsu Kim

Abstract

There is nothing extraordinary about the fact that countries classified as less developed produce a large fraction of their general machinery requirements. In the mid-1960s, when the Republic of Korea (hereinafter South Korea or just plain Korea) had paved over the final cracks of its civil war but was only beginning to launch its development drive, it was producing over half its requirements of general machinery (ISIC 382, which includes such items as prime movers, metal working equipment, special industrial machinery, general machinery parts, etc.) (KTA, 1966). At the time, the machinery sector at large (ISIC 38) accounted at most for only about 10–15 per cent of manufacturing value added (EPB, 1966).

Suggested Citation

  • Alice H. Amsden & Linsu Kim, 1986. "A Technological Perspective on The General Machinery Industry in the Republic of Korea," Palgrave Macmillan Books, in: Martin Fransman (ed.), Machinery and Economic Development, chapter 3, pages 93-123, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-18440-8_3
    DOI: 10.1007/978-1-349-18440-8_3
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    Cited by:

    1. Linsu Kim, 1998. "Crisis Construction and Organizational Learning: Capability Building in Catching-up at Hyundai Motor," Organization Science, INFORMS, vol. 9(4), pages 506-521, August.
    2. Linsu Kim, 2017. "Technology Transfer & Intellectual Property Rights," Working Papers id:12348, eSocialSciences.
    3. Vinish Kathuria, 2009. "Technical Change, International Competitiveness, and Role of the State: Indian Machine Tool Industry's Experience," Working Papers id:2157, eSocialSciences.

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