A model of growth and employment in the open dualistic economy: The cases of Korea and Taiwan
1975; Taylor & Francis; Volume: 11; Issue: 2 Linguagem: Inglês
10.1080/00220387508421524
ISSN1743-9140
Autores Tópico(s)China's Socioeconomic Reforms and Governance
ResumoIn this paper, the pressing problem of unemployment in the contemporary developing world is studied from an historical perspective of transition growth, i.e. the process representing the termination of economic colonialism and the initiation of modern growth. This problem is investigated for a particular type of LDC, namely, the open dualistic labour surplus economy. The post‐war (1950–70) experience of Taiwan and Korea were analyzed from this viewpoint—emphasizing the fine differences as well as the family resemblance among these countries. As ex‐Japanese colonies, both these countries shared a relatively strong agricultural infrastructure and the open dualistic and labour surplus characteristic at the beginning of the transition in the 1950s. However, as we show, Taiwan had an initially more favourable set of institutional and economic conditions in agriculture. Notes Economic Growth Center, Yale University. The authors wish to acknowledge the substantial contributions of Professor Sung Hwan Jo of Sogang University, Korea and Professor Chi‐Mu Huang of National University, Taiwan to this paper, especially its empirical portions. Portions of this research were financed by funds provided by the Agency for International Development under contract CSD/2492. However, the views expressed in this paper do not necessarily reflect those of AID.
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