Beyond late development

"In this book Alice Amsden and Wan-wen Chu cover new ground by analyzing the phenomenon of high-end catch-up. They study how leading firms from the most advanced latecomer countries like Taiwan have increased their market share in mature high-tech industries and services." "The profits that true innovators in these industries once enjoyed have already declined, but profit rates are still above average. The latecomer firm that succeeds in capturing these rents earns "second mover" advantage. Amsden and Chu examine the successful second movers in electronic and modern services. The critical factors, they show, are the government policies and large-scale firms that drive skills, speed, and scale."--Jacket.