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Comparison of Hyundai and Daewoo in Research and Development

In: Crisis and Restructuring in East Asia

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  • Seung-Il Jeong

Abstract

As Gerschenkron (1962) indicated, backwardness in technology is one of the common characteristics of all late industrializing countries.1 Germany and the United States, the latecomers in the nineteenth century, overcame this problem with their own technological and industrial innovations which constituted a second industrial revolution. By contrast, economies that began industrialization in the twentieth century tended to develop on the basis of learning from borrowed technology, rather than invention or innovation (Amsden 1989). The Northeast Asian economies — Japan, Korea, and Taiwan — followed this pattern during their fast growth periods.2

Suggested Citation

  • Seung-Il Jeong, 2004. "Comparison of Hyundai and Daewoo in Research and Development," Palgrave Macmillan Books, in: Crisis and Restructuring in East Asia, chapter 8, pages 170-197, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-51098-2_8
    DOI: 10.1057/9780230510982_8
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