2011 | OriginalPaper | Chapter
Value Chain Dynamics and Capability Formation by Latecomer Firms in East Asia
Published in: The Dynamics of Local Learning in Global Value Chains
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The transformation of East Asian economic development by globalization has gathered speed since the 1990s. The expansion of foreign direct investment (FDI), the increase in international trade, and the accelerated flow of financial and human resources across country borders have triggered rapid industrialization and economic integration.