Books in the Emerging Markets Studies series

Addresses issue with the changing role of government in devising and applying science, technology and innovation (STI) policies in a late-comer economy. This title shows that organizations and institutions concerned with STI policy-making in Korea have co-evolved mainly driven by the timing of presidential election cycles.

Since 1998, South Korea underwent a dramatic change, from a "tiger in trouble" in the wake of the Asian crisis to a showcase of economic development. This book deals not with the causes of the crisis, but rather with the implications for the development of a new economic model in South Korea by applying the theory of economic transformation.

This book investigates the institutional underpinnings of economic performance in Central Asia. The New Institutional Economics as well as Political Economy approaches provide the conceptual framework for case studies. All contributions consider factor markets and institutions as fundamental drivers of economic growth.

Presenting detailed case studies of Developmental states in Asia, the book argues that the state has always been an important part of the solution for problems of economic backwardness. After identifying the conditions under which states can effectively assume active roles, a theoretical framework is developed and applied to Kazakhstan and Uzbekistan.

Biotechnology demands a new enabling role of the state in Korea. The pressure for system reconfiguration stems from the blurring of the boundaries between science and industry. A shift from a funding-oriented policy to regulatory governance is required. A framework is developed to describe latecomer system change as a co-evolutionary process.

The book focuses on Kazakhstan's transition path. It describes the type of market economy that has evolved in the country since 1991. The Varieties of Capitalism approach and a core - periphery analytical framework are applied to classify the model of capitalist economy in the country. The research design is based on qualitative interview study.