This volume is a major contribution to fuller understanding of the modern economic and industrial history of Asian nations and to the general understanding of the socioeconomic conditions in underdeveloped countries, stressing the history of the modernization of the cotton industry, not merely because of its basic importance but also because such limitation gives definiteness to the subject. The author analyzes all the factors that have changed the tempo, altered the direction, and limited the extent of the industrial development in these countries, with special references to the economic implication of actions by social organizations and political institutions. The volume contains a wealth of detailed statistical matter in which the reader will find systematically the main factual contexts of the industrial development of each country. Sung Jae Koh's service to English readers is therefore an important one in a field where there is an acknowledged growing need for such information. Sung Jae Koh held professorships at Yonsei University and Seoul National University. He was also a visiting scholar at the University of Pennsylvania.

This book examines the economic success of the industrializing economies of East Asia. Judged in terms of economic growth, or by a combination of economic and welfare criteria, this group of East Asian countries has established a clear lead over other developing areas of the world.

This book is open access under a CC BY-NC-ND license. This book addresses the issue of how a country, which was incorporated into the world economy as a periphery, could make a transition to the emerging state, capable of undertaking the task of economic development and industrialization. It offers historical and contemporary case studies of transition, as well as the international background under which such a transition was successfully made (or delayed), by combining the approaches of economic history and development economics. Its aim is to identify relevant historical contexts, that is, the ‘initial conditions’ and internal and external forces which governed the transition. It also aims to understand what current low-income developing countries require for their transition. Three economic driving forces for the transition are identified. They are: (1) labor-intensive industrialization, which offers ample employment opportunities for labor force; (2) international trade, which facilitates efficient international division of labor; and (3) agricultural development, which improves food security by increasing supply of staple foods. The book presents a bold account of each driver for the transition.

This book deals with the importance of industrialization and the development of manufacturing in the economic development process. It focuses specifically on new challenges such as global value chains, the rise of China, climate change, and the role of state versus private sector entrepreneurs in forging appropriate industrial policies.