Crony Capitalism In Taiwan And Korea

Two of Asia's leading Tigers are in trouble. The government-business alliances that powered the economic miracles of Taiwan and South Korea are unraveling--just as the two nations face slower growth and increasing competition from China and Southeast Asia. The faster these top-down, export-oriented, command regimes move to more open, pluralistic societies, the quicker they can shift to more competitive, consumer-driven economies.

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