Korea in the 1980s and early 1990s became heavily dependent on technology transfers until Japanese firms began withholding technology from Korea. Why did the Japanese do this? How did this affect Korea’s markets? Because of its tremendous and early success in building of export industries, many economists have pointed to South Korea as an example of successful export-led growth. However, economist Alice Amsden and others argue that Korea was anything but a model of free markets and free trade. Discuss this.
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