How did Taiwan and Korea differ from the industrialization approach of Japan?
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where are my options?
Focused on their abundance of natural resources as a competitive advantage Focused on their low wages as a competitive advantage Focused on their large populations as a competitive advantage Focused on their democratic systems of government as a competitive advantage
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I think its D
Natural resources is the key to industrialization, but Japan is more populous compared to the two other nations you mentioned. Japan used the steel industry, with the help of automation, to boost its economy. There were debates among economists that Taiwan and Korea's economic surge were factored to educated workforce and competitive labor cost (cheaper).
You're welcome. I was going to add more information about the debate, but between you and me we both hate reading. I just happen to carefully pick what I read :D
Hahaha thanks! i really appreciate it. If you did add more info i'd be dizzy and confused lolol. Thanks anyways.