Latecomers In The Global Economy
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Author | : Michael Storper |
Publisher | : Routledge |
Total Pages | : 394 |
Release | : 2005-06-23 |
Genre | : Business & Economics |
ISBN | : 1134751974 |
Drawing on the example of late-developing countries, especially from East Asia, catching up with established powers, the authors address a new formulation of industrial policy for latecoming, semi-industrialized countries. With contributions from some of the best-known economists currently working in this area, the book will be a valuable guide for economists and international policy-makers interested in development issues.
Author | : Banji Oyelaran-Oyeyinka |
Publisher | : Routledge |
Total Pages | : 387 |
Release | : 2009-12-16 |
Genre | : Business & Economics |
ISBN | : 1135232970 |
The most important issue for development centres on the debate about the centrality of knowledge, technology and innovation to the process of economic development. While this much is broadly agreed, what is at issue is the precise mechanics of overcoming economic development challenges in different contexts. At the heart of it all is about how economies at different levels deploy the unending streams of information and knowledge to developmental ends. In time, the notion of income convergence between the poorer South and the wealthy North has proved a mirage, while a new economic divide has in fact occurred within the South itself, and as well, between regions and within regions. The debate relating to latecomers is thus framed in discussions about regions and countries that arrive late to mastering industrialization in achieving economic prosperity through the use of knowledge. In other words, a new divide has emerged among the latecomers themselves, and with it, greater conceptual complexity in the ways of our understanding of the divergent ways of economic development. We have thus separated "fast followers" and new "late comers". This book enters this debate acutely aware of the complexity of this process. The authors argue that economic development is largely driven by innovation, concentrating on the dynamics of process, product and organizational changes and how they are embedded within specific and varied contextual institutions.
Author | : Banji Oyelaran-Oyeyinka |
Publisher | : Routledge |
Total Pages | : 264 |
Release | : 2009-12-16 |
Genre | : Business & Economics |
ISBN | : 1135232989 |
The most important issue for development centres on the debate about the centrality of knowledge, technology and innovation to the process of economic development. While this much is broadly agreed, what is at issue is the precise mechanics of overcoming economic development challenges in different contexts. At the heart of it all is about how economies at different levels deploy the unending streams of information and knowledge to developmental ends. In time, the notion of income convergence between the poorer South and the wealthy North has proved a mirage, while a new economic divide has in fact occurred within the South itself, and as well, between regions and within regions. The debate relating to latecomers is thus framed in discussions about regions and countries that arrive late to mastering industrialization in achieving economic prosperity through the use of knowledge. In other words, a new divide has emerged among the latecomers themselves, and with it, greater conceptual complexity in the ways of our understanding of the divergent ways of economic development. We have thus separated "fast followers" and new "late comers". This book enters this debate acutely aware of the complexity of this process. The authors argue that economic development is largely driven by innovation, concentrating on the dynamics of process, product and organizational changes and how they are embedded within specific and varied contextual institutions.
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 | : Javier Papa |
Publisher | : Springer |
Total Pages | : 0 |
Release | : 2024-10-20 |
Genre | : Business & Economics |
ISBN | : 9783031684227 |
In recent years, developing countries have seen the emergence of successful and innovative firms, albeit often with state support. Argentina, which faces challenges including industrial decline and macroeconomic turbulence, offers an intriguing context for studying latecomer firms, as few have managed to innovate and compete globally without significant state backing. This book examines why and how latecomer firms facing adverse policies and hostile macroeconomic conditions can nevertheless survive, grow, and catch up with global competitors, while many other firms lag or fall further behind. It presents, on one hand, a theoretical framework that builds on contributions made by Gerschenkron (1962) and Hobday (1995) on latecomer catch-up in economic development theory, and on those by Nelson (1991, 2008) on firm-level differences in evolutionary theory; on the other, it provides a contextual framework for the catching-up experiences of firms from East Asia and Latin America, which ends with a description of Argentina’s main detrimental policy regimes over the past 50 years. Further, the book presents an statistical analysis of manufacturing firms’ performance, along with the corporate characteristics that underlie it, within the context of Argentina’s worst economic crisis to determine which firm characteristics stood out during times of crisis (e.g. innovation and organizational capabilities). To supplement the quantitative analysis and offer additional insights, it introduces two in-depth case studies on iconic latecomer firms, TENARIS and IMPSA, which, bolstered by the examination of over nearly half a million newspaper articles, illustrate their global success amidst numerous challenges. It emphasizes the importance of long-term corporate strategy, a flexible organizational structure, and a coherent set of technological and organizational capabilities, while also addressing policy implications, making it a valuable asset for researchers, policymakers, and corporate managers alike.
Author | : Alice H. Amsden |
Publisher | : Oxford University Press |
Total Pages | : 424 |
Release | : 2001-01-18 |
Genre | : Business & Economics |
ISBN | : 9780198031987 |
After World War II a select number of countries outside Japan and the West--those that Alice Amsden calls "the rest"--gained market share in modern industries and altered global competition. By 2000, a great divide had developed within "the rest", the lines drawn according to prewar manufacturing experience and equality in income distribution. China, India, Korea and Taiwan had built their own national manufacturing enterprises that were investing heavily in R&D. Their developmental states had transformed themselves into champions of science and technology. By contrast, Argentina, Brazil and Mexico had experienced a wave of acquisitions and mergers that left even more of their leading enterprises controlled by multinational firms. The developmental states of Mexico and Turkey had become hand-tied by membership in NAFTA and the European Union. Which model of late industrialization will prevail, the "independent" or the "integrationist," is a question that challenges the twenty-first century.
Author | : Jang-Sup Shin |
Publisher | : Routledge |
Total Pages | : 232 |
Release | : 2013-05-13 |
Genre | : Business & Economics |
ISBN | : 1134685653 |
This book examines the spectacularly successful economies of East Asia, Japan and South Korea. The comparison of the 'catching-up' process in Japan and South Korea includes studies of the iron and steel and semi-conductor industries. The author shows the difficulties involved in trying to detect general patterns of development, as both countries appear to respond to different technological imperatives. As a result general models of development should be treated with caution, given the need to consider different historical and institutional contexts.
Author | : Harry Targ |
Publisher | : Lulu.com |
Total Pages | : 99 |
Release | : 2006 |
Genre | : History |
ISBN | : 1411677269 |
Up-to-date study of the key features of 'late capitalism, ' especially in the U.S., and how it has been shaped by military budgets and globalization. Most important, the author offers ideas for organizing for social change in the direction of all-around democracy.
Author | : Alice Hoffenberg Amsden |
Publisher | : |
Total Pages | : 228 |
Release | : 2003 |
Genre | : Competition, International |
ISBN | : |
"The profits that true innovators in these industries once enjoyed have already declined, but profit rates are still above average. The latecomer firm that succeeds in capturing these rents earns "second mover" advantage. Amsden and Chu examine the successful second movers in electronic and modern services. The critical factors, they show, are the government policies and large-scale firms that drive skills, speed, and scale."--BOOK JACKET.
Author | : B. Oyelaran-Oyeyinka |
Publisher | : Springer |
Total Pages | : 255 |
Release | : 2009-11-30 |
Genre | : Business & Economics |
ISBN | : 0230277993 |
Using the concept of innovation capacity, this book, using recent field data from countries in Asia and Africa, competently demonstrates how biotechnology can contribute to sustainable economic development. The approach articulates the imperative for developing countries to build up specific capabilities backed up by policies and institutions.