Art of economic catch-up: barriers, detours and leapfrogging in innovation systems
By: Lee, Keun.
Publisher: Cambridge University Press 2019Description: xxiii, 279p.ISBN: 9781108460705.Subject(s): Technological innovations -- Economic development -- Developing countriesDDC classification: 338.90091724 Summary: In his previous Schumpeter Prize-winning work, Lee analysed the 'middle-income trap', in which a developing country grows strongly only to plateau at a certain point. Yet certain developing countries, most significantly China, have managed to escape this trap. Building on the conception of the ladder from developing to developed countries being kicked way, this book suggests alternative ways, such as 'leapfrogging', in which latecomers can catch up with their forerunners. Providing policy solutions for development challenges in non-technical terms, Lee frames his theories with insightful and inventive allegories. In doing so, Lee also accounts for the catch-up paradox, in which one cannot conclusively catch-up if they are continually trying to follow the path of those ahead. He argues that eventual catch-up and overtaking require pursuing a path that differs from that taken by forerunners. This highly original and accessible book will appeal to students, scholars, practitioners, and anyone interested in economic development and innovation.Item type | Current location | Call number | Status | Date due | Barcode |
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Books | NASSDOC Library | 338.90091724 LEE-A (Browse shelf) | Available | 50599 |
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338.90091724 CHO-; Operationalising sustainable development: economic-ecological modelling for developing countries | 338.90091724 KIN-; Key issues in development | 338.90091724 LAK-E Economic growth in developing countries: structural transformation, manufacturing and transport infrastructure | 338.90091724 LEE-A Art of economic catch-up: barriers, detours and leapfrogging in innovation systems | 338.90091724 NEW- New institutional economics and third world development | 338.90091724 PAL-D Development with dignity : | 338.90091724 SEA- Seasonality, rural livelihoods and development |
In his previous Schumpeter Prize-winning work, Lee analysed the 'middle-income trap', in which a developing country grows strongly only to plateau at a certain point. Yet certain developing countries, most significantly China, have managed to escape this trap. Building on the conception of the ladder from developing to developed countries being kicked way, this book suggests alternative ways, such as 'leapfrogging', in which latecomers can catch up with their forerunners. Providing policy solutions for development challenges in non-technical terms, Lee frames his theories with insightful and inventive allegories. In doing so, Lee also accounts for the catch-up paradox, in which one cannot conclusively catch-up if they are continually trying to follow the path of those ahead. He argues that eventual catch-up and overtaking require pursuing a path that differs from that taken by forerunners. This highly original and accessible book will appeal to students, scholars, practitioners, and anyone interested in economic development and innovation.
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