ABSTRACT
Industrialization both the growth in share of GDP and its diversification into higher value-added activities has been associated with the successful development of the Organization for Economic Cooperation and Development (OECD) countries in the ini-
tial years of rapid growth. East and Southeast Asia’s successful developers i.e. the flying geese stock of Japan, Hong Kong, Korea, Singapore and Taiwan enjoyed rapid
industrialization throughout their high growth years (Hamilton 1983; Amsden 1989;
Wade 1990; Rodan 1989).
