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The Rise of "The Rest": Challenges to the West from Late-Industrializing Economies

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  • Amsden, Alice H.

    (Massachusettes Institute of Technology)

Abstract

After World War II a select number of countries outside Japan and the West--those that Alice Amsden calls "the rest"--gained market share in modern industries and altered global competition. By 2000, a great divide had developed within "the rest", the lines drawn according to prewar manufacturing experience and equality in income distribution. China, India, Korea and Taiwan had built their own national manufacturing enterprises that were investing heavily in R&D. Their developmental states had transformed themselves into champions of science and technology. By contrast, Argentina, Brazil and Mexico had experienced a wave of acquisitions and mergers that left even more of their leading enterprises controlled by multinational firms. The developmental states of Mexico and Turkey had become hand-tied by membership in NAFTA and the European Union. Which model of late industrialization will prevail, the "independent" or the "integrationist," is a question that challenges the twenty-first century. Available in OSO: http://www.oxfordscholarship.com/oso/public/content/economicsfinance/0195139690/toc.html

Suggested Citation

  • Amsden, Alice H., 2004. "The Rise of "The Rest": Challenges to the West from Late-Industrializing Economies," OUP Catalogue, Oxford University Press, number 9780195170597.
    • Handle: RePEc:oxp:obooks:9780195170597
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    1. repec:ilo:ilowps:487892 is not listed on IDEAS
    2. G. Balachandran, 2012. "Claiming histories beyond nations: Situating global history," The Indian Economic & Social History Review, , vol. 49(2), pages 247-272, June.
    3. Khou, Vouthy. & Cheng, Oudom. & Leng, Soklong. & Meng, Channarith., 2015. "Role of the Central Bank in supporting economic diversification and productive employment in Cambodia," ILO Working Papers 994878923402676, International Labour Organization.
    4. Reda Cherif & Fuad Hasanov, 2024. "The Pitfalls of Protectionism: Import Substitution vs. Export-Oriented Industrial Policy," Journal of Industry, Competition and Trade, Springer, vol. 24(1), pages 1-34, December.
    5. Ashok Chakravarti, 2012. "Institutions, Economic Performance and the Visible Hand," Books, Edward Elgar Publishing, number 14751.
    6. Noemi Levy-Orlik, 2012. "Financial Market Organizations, Central Banks and Credits: The Experience of Developing Economies," Chapters, in: Louis-Philippe Rochon & Salewa ‘Yinka Olawoye (ed.), Monetary Policy and Central Banking, chapter 5, Edward Elgar Publishing.

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