The Sources of East Asia’s Industrial Prowess
A corporate structure that plays to the strengths of both family ownership and professional management, together with the vision to seize opportunities as they arise, has enabled firms from a small East Asian country to become major – and reliable – global players. This is good news for the West.
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SEOUL – As the United States works to limit China’s access to advanced technologies like semiconductors, it cannot ignore its own dependence on small Asian economies like South Korea and Taiwan for many of those same technologies. The question the US and its allies must ask, then, is how reliable these economies are as producers.