This paper examines how the path of economic development for would-be developers has changed fundamentally since the 1980s. Focusing on the case of East Asia, the authors contend that the 'late development' path has shifted to what they call 'compressed development.' They note that key differences are the scope of compression, its consequences, and the thrust of industrial and economic development, which has changed from creating 'nationally integrated production systems' to leveraging 'globally engaged production systems.'
© 2008 MIT Industrial Performance Center (IPC)
D Hugh Whittaker, Tianbiao Zhu, Timothy J Sturgeon, Mon Han Tsai, Toshie Okita