||||Amsden and Chu demonstrate in a scholarly and readable way how successful latecomers deviate from the prescriptions of the 'Washington consensus' in order to build high-tech industries and services. This is a pathbreaking book that points the way toward a ne
In this book Alice Amsden and Wan-wen Chu cover new ground by analyzing the phenomenon of high-end catch-up. They study how leading firms from the most advanced latecomer countries like Taiwan have increased their market share in mature high-tech industries and services.The profits that true innovators in these industries once enjoyed have already declined, but profit rates are still above average. The latecomer firm that succeeds in capturing these rents earns "se... [PDF.mm38] Beyond Late Development: Taiwan's Upgrading Policies (MIT Press) Rating: 4.85 (449 Votes)
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