Abstract
With the ‘benchmark model’ introduced in the previous chapter, we argued that, under outward orientation, many developing economies could catch up with the advanced economies. The remaining chapters of Part 1 provide detailed explanations of the mechanisms involved in the catching-up process. Empirical record from East Asia serves as the principal evidence presented in Part 2.
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References
This is a line emphasized by Samuelson (1948).
Large Japanese corporations rely on promotion from inside, wage progression curves are steep, and the bonuses awarded in profitable firms are sizable. The peer pressure of employees for high performance forms a pressure cooker atmosphere. In spite of the nominal institution of lifetime tenure, Morishima (1982) reported that 47% of white collar workers and 27% of blue collar workers who started in large firms ended elsewhere. See also Wan (1988).
An interested reader may consult The Analects of Confucius, translation and notes by Leys (1997).
By tradition, the next two dynasties after Tang’un were founded by Kija and Wiman, both refugees from China. See Han (1970).
See for instance Malraux (1953).
The complex process is described by Miyajima in Miyajima et al. (1999).
In contrast, a vivid example was given by Smith (1983), that when a Japanese manager commented on the work of a shop floor worker in Malaysia, it touched off a labor incident, since communication out of the normal channel was against the Malay standard of propriety.
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© 2004 Springer Science+Business Media New York
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Wan, H.Y. (2004). Replicable Cases?. In: Economic Development in a Globalized Environment. Springer, Boston, MA. https://doi.org/10.1007/978-1-4419-8941-3_2
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DOI: https://doi.org/10.1007/978-1-4419-8941-3_2
Publisher Name: Springer, Boston, MA
Print ISBN: 978-0-387-24205-7
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