Asian NIEs and the Global Economy: Industrial Restructuring and Corporate Strategy in the 1990s

Abstract

Industrial restructuring in the Asian Newly Industrialized Economies (NIEs) has become very important. Existing strategies may no longer deliver employment or income growth in many of the Asian NIEs' labour intensive industries. The complex process of restructuring will involve economic adjustment and political realignment among industrial sectors and between industry managers and state policy makers. This book explains how the Asian NIEs have responded to the costs of success, including escalating real wages and prices, slowing growth rates of productivity and increasing competition in markets they once dominated.