Globalization has greatly influenced the industrial structure of each nation. The main driving force behind the change has been the rapid industrialization of new emerging countries including China. In particular, the industrial competitiveness of East Asian countries has been impacted. Labor intensive industries of those countries have been eroded. A lot of manufacturing plants in those industries have moved into China. On the other hand, China’s industrialization, which needs technological parts and components from abroad, has provided those countries with profound opportunities for technology-intensive industries.
The chapters have been developed from papers presented at the conference on Restructuring SMEs in the Age of Globalization. The Korea Development Institute and the East-West Center in Honolulu jointly sponsored the conference held at the East-West Center’s Hawaii Imin International Conference Center, during 21-22 July 2005. The chapters have been updated to reflect new changes in economic environments.