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Prospects for East Asian Economic Governance

In: Mad Technology

Author

Listed:
  • Ingyu Oh
  • Hun-Joon Park
  • Shigemi Yoneyama
  • Hyuk-Rae Kim

Abstract

The previous chapter discussed how large corporations in Korea are defending their technological advantage from external threats, including mad technologies, by reinforcing transactional governance through a policy of constant organizational innovation. In our case study chapters, we discovered that the private sectors in Japan and Taiwan are also strengthening their capacities to undertake technological and organizational innovations in order to fight back against mad technologies. All of this indicates that macroeconomic governance by the public sector is weakened to the extent that it no longer seems to be able to regulate global economic contingencies, as the Asian financial crisis of the late 1990s clearly indicated.

Suggested Citation

  • Ingyu Oh & Hun-Joon Park & Shigemi Yoneyama & Hyuk-Rae Kim, 2005. "Prospects for East Asian Economic Governance," Palgrave Macmillan Books, in: Mad Technology, chapter 9, pages 155-171, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-55492-4_9
    DOI: 10.1057/9780230554924_9
    as

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