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Strategic CouplingEast Asian Industrial Transformation in the New Global Economy$
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Henry Wai-chung Yeung

Print publication date: 2016

Print ISBN-13: 9781501702556

Published to Cornell Scholarship Online: August 2016

DOI: 10.7591/cornell/9781501702556.001.0001

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Emergence of East Asian Lead Firms

Emergence of East Asian Lead Firms

Chapter:
(p.154) Chapter 6 Emergence of East Asian Lead Firms
Source:
Strategic Coupling
Author(s):

Henry Wai-chung Yeung

Publisher:
Cornell University Press
DOI:10.7591/cornell/9781501702556.003.0006

This chapter explores the emergence of East Asian lead firms in South Korea, Taiwan, and Singapore and discusses how this repositioning as global lead firms represents the arrival of national champions as global leaders in their respective industries and the ultimate success of economic development. Through this distinct coupling process, top East Asian firms, such as Taiwan's Acer; South Korea's Samsung, LG, and Hyundai; and Singapore's Singapore Airlines no longer serve as partners or specialists in global production networks (GPN) controlled by other global lead firms. Instead, they have emerged as lead firms spearheading their own global production networks with not only strong technological and managerial competencies but also deep market knowledge and sustained investment.

Keywords:   East Asian lead firms, South Korea, Taiwan, Singapore, economic development, global lead firms, global production networks

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