Economic Catch Up And Technological Leapfrogging
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| Author | : Keun Lee |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 388 |
| Release | : 2016-08-26 |
| Genre | : Business & Economics |
| ISBN | : 1785367935 |
This book elaborates upon the dynamic changes to Korean firms and the economy from the perspective of catch-up theory. The central premise of the book is that a latecomer’s sustained catch-up is not possible by simply following the path of the forerunners but by creating a new path or ‘leapfrogging’. In this sense, the idea of catch-up distinguishes itself from traditional views that focus on the role of the market or the state in development.
| Author | : Keun Lee |
| Publisher | : Cambridge University Press |
| Total Pages | : 305 |
| Release | : 2019-05-16 |
| Genre | : Business & Economics |
| ISBN | : 1108472877 |
A highly original book that provides policy solutions for development challenges, framing them with insightful and inventive allegories.
| Author | : Jeong-Dong Lee |
| Publisher | : Oxford University Press |
| Total Pages | : 451 |
| Release | : 2021-06-24 |
| Genre | : Business & Economics |
| ISBN | : 019264937X |
This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Innovation is a pivotal driving force behind economic growth. Technological capability deepens and diversifies industrial activity, which fundamentally enhances growth potential. Consequently, failure to build effective technological capability can lead to slow long-term economic growth. This book synthesizes and interprets existing knowledge on technology upgrading failures in order to better understand the challenges of technology upgrading in emerging economies. The objective is to bring together diverse evidence on three major dimensions of technology upgrading: paths of technology upgrading, structural changes in the nature of technology upgrading, and the issues of technology transfer and technology upgrading. Knowledge on these three dimensions is synthesized at the firm, sector, and macro levels across different countries and world macroregions. Compared to the challenges and uncertainties facing emerging economies, our understanding of technology upgrading is sparse, unsystematic, and scattered. The recent growth slowdown in many emerging economies, often known as the middle-income trap, has reinforced the importance of understanding the technology upgrading challenges they experience. While our understanding of these issues from the 1980s and 1990s is relatively more systematised, the more recent changes that took place during the globalization and proliferation of global value chains, and the effects of the 2008 financial crisis, have not been explored and compared synthetically. The current effects of COVID-19, geopolitical struggles, and the growing concern around environmental sustainability add significant complexity to an already problematic situation. The time is ripe to take stock of our existing knowledge on processes of technology upgrading in emerging economies and make further inroads in research on this crucial issue.
| Author | : Keun Lee |
| Publisher | : |
| Total Pages | : 704 |
| Release | : 2021 |
| Genre | : China |
| ISBN | : 9780191939860 |
After the miraculous economic growth known as the Beijing Consensus, China is now facing a slowdown. The attention has moved to the issue of the middle income trap. This book deals with this interesting issue in the context of China.
| Author | : Xiao-Shan Yap |
| Publisher | : Taylor & Francis |
| Total Pages | : 171 |
| Release | : 2016-12-01 |
| Genre | : Business & Economics |
| ISBN | : 1315449870 |
Ever since Schumpeter’s groundbreaking work there has been a plethora of new research seeking to extend the direction and dynamics of innovation. Using a rich account of detailed interviews, this book offers new evidence on how latecomers have successfully caught up and leapfrogged incumbent firms. Catching Up and Leapfrogging: the new latecomers in the integrated circuits industry explores how technological transitions affect latecomer catch-up strategies, and vice versa, in a high technology industry. It looks to the East Asian latecomers who, towards the end of the twentieth century, pioneered a new pathway through organizational change by specializing in the key production stages of integrated circuits and pushing technologies further. This volume assesses how latecomer resource acquisition strategies have varied alongside structural industry changes and evaluates the mechanisms through which firms started life as technology followers and rose to become technology leaders. Xiao-Shan Yap and Rajah Rasiah present a unique story about how firm strategies evolve from the catching up phase to the leapfrogging phase, captured from the accounts of managers on the ground. It is the first time firm-level strategies have been systematically analysed to describe twenty-first century strategic management in the integrated circuits industry in particular, and the high tech industry in general. The evidence and analysis in this book offers insights for chief executive officers, policy-makers and researchers to revisit existing approaches to the theory of catching up and leapfrogging.
| Author | : Richard R. Nelson |
| Publisher | : Cambridge University Press |
| Total Pages | : 285 |
| Release | : 2018-05-03 |
| Genre | : Business & Economics |
| ISBN | : 1108660789 |
Evolutionary economics sees the economy as always in motion with change being driven largely by continuing innovation. This approach to economics, heavily influenced by the work of Joseph Schumpeter, saw a revival as an alternative way of thinking about economic advancement as a result of Richard Nelson and Sidney Winter's seminal book, An Evolutionary Theory of Economic Change, first published in 1982. In this long-awaited follow-up, Nelson is joined by leading figures in the field of evolutionary economics, reviewing in detail how this perspective has been manifest in various areas of economic inquiry where evolutionary economists have been active. Providing the perfect overview for interested economists and social scientists, readers will learn how in each of the diverse fields featured, evolutionary economics has enabled an improved understanding of how and why economic progress occurs.
| Author | : Keun Lee |
| Publisher | : Cambridge University Press |
| Total Pages | : 299 |
| Release | : 2013-10-31 |
| Genre | : Business & Economics |
| ISBN | : 1107042682 |
A fresh analysis of the secrets of Asian economic success and how other countries can escape the 'middle-income' trap.
| Author | : Henry Y. Wan Jr. |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 407 |
| Release | : 2011-06-28 |
| Genre | : Business & Economics |
| ISBN | : 1441989412 |
Is the East Asian growth record replicable today? This book answers: yes. It places the common East Asian theme in the theoretic context of product cycles, globalization and convergence and the historical perspective of the "German Miracle" after World War II, also the more recent Irish growth; it identifies the effective policies for sustained, rapid growth by structured comparisons among different economies; it evaluates the strengths and weaknesses of the alternative policy packages of Korea, Taiwan, Hong Kong, and Singapore, in the light of such recent events like global trend for liberalization, and the Crises of 1997 and 2001. Economic Development in a Globalized Environment also scrutinizes the major debates in development economics, using documented cases, and analytic reasoning for support.
| Author | : Linsu Kim |
| Publisher | : Cambridge University Press |
| Total Pages | : 396 |
| Release | : 2000-07-24 |
| Genre | : Business & Economics |
| ISBN | : 9780521779876 |
In this volume leading scholars analyze in a series of original essays and commentaries how newly industrializing countries (NICs), particularly those in East Asia, have transformed themselves from technologically backward and poor to relatively modern and affluent economies over the past thirty years. The contributors provide interesting theoretical perspectives and offer insights into the process of technological progress at both the macro and micro levels in these countries. The essays review how firms, particularly those in electronics and automobiles, have dynamically accumulated technological capabilities at the micro level, how public policies have shaped the process of technological progress at the national level, and what problems some of these countries face today at both levels. In addition, the volume provides a comparison of East Asian NIC s with their Latin American counterparts. The discussion also offers useful lessons for policies in other developing countries.
| Author | : Keun Lee |
| Publisher | : Oxford University Press |
| Total Pages | : 292 |
| Release | : 2022-01-27 |
| Genre | : Business & Economics |
| ISBN | : 0192847562 |
After the miraculous economic growth known as the Beijing Consensus, China is now facing a slowdown. The attention has moved to the issue of the middle income trap. This book deals with this interesting issue in the context of China. It also discusses China's limitations and future prospects, especially after the rise of a new cold war between China and the US, namely the question of whether China would fall into another trap called the Thucydides trap, or conflict with the existing hegemon as a rising power. In sum, this book plays around three key terms, namely, the Beijing Consensus, the Middle Income Trap, and the Thucydides trap, and applies a Schumpeterian approach to these concepts. It also conducts a comparative analysis that examines China from an economic catch-up perspective. An economic catch-up starts from learning and imitating a forerunner, but finishing the race successfully requires taking a different path along the road. This act is also known as leapfrogging, which implies a latecomer doing something different from, and often ahead of, a forerunner. Technological leapfrogging may lead to technological catch-up, which means reducing the technological gap, and then finally to economic catch-up in living standards (per capita income) and economic size (GDP: economic power). This linkage from technological leapfrogging and catch-up to economic catch-up corresponds exactly with a similar linkage from the Beijing Consensus to escaping (or not) the middle income and the Thucydides traps. One conclusion from this book is that China's successful rise as a global industrial power has been due to its strategy of technological leapfrogging, which has enabled China to move beyond the middle income trap and possibly the Thucydides trap, although at a slower speed.
