The Challenges Of Technology And Economic Catch Up In Emerging Economies
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The Challenges Of Technology And Economic Catch Up In Emerging Economies
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Author : Chŏng-dong Yi
language : en
Publisher:
Release Date : 2021
The Challenges Of Technology And Economic Catch Up In Emerging Economies written by Chŏng-dong Yi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with Electronic books categories.
Innovation and technological capability are pivotal driving forces behind economic growth. This book synthesizes existing knowledge on technology upgrading failures to better understand the challenges of technology upgrading in emerging economies in an increasingly complex and connected world.
The Challenges Of Technology And Economic Catch Up In Emerging Economies
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Author : Jeong-Dong Lee
language : en
Publisher: Oxford University Press
Release Date : 2021-06-24
The Challenges Of Technology And Economic Catch Up In Emerging Economies written by Jeong-Dong Lee and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-06-24 with Business & Economics categories.
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.
The Art Of Economic Catch Up
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Author : Keun Lee
language : en
Publisher: Cambridge University Press
Release Date : 2019-05-16
The Art Of Economic Catch Up written by Keun Lee and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-05-16 with Business & Economics categories.
A highly original book that provides policy solutions for development challenges, framing them with insightful and inventive allegories.
Innovative Korea
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Author : Hoon Sahib Soh
language : en
Publisher: World Bank Publications
Release Date : 2023-08-25
Innovative Korea written by Hoon Sahib Soh and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-08-25 with Business & Economics categories.
The Republic of Korea today is a highly industrialized, global leader in innovation and technology. It is the 10th largest economy in the world and has a per capita income approaching the average of OECD countries. In the 1950s, however, it was one of the world’s poorest countries, with decidedly bleak prospects. Its transformation has made Korea a well-known case study of successful development.Innovative Korea: Leveraging Innovation and Technology for Development summarizes the sources of Korea’s remarkable growth and the policies and institutional reforms that made it possible. The report focuses on Korea’s successful transition from a middle-income to a high-income economy. Korea escaped from the “middle-income trap” by fundamentally transforming its growth paradigm to a more private-sector-led model emphasizing market competition, innovation, and technology. Compared to the previous emphasis on large fi rms and industries, the government became more focused on promoting small and medium enterprises and technology entrepreneurs. Exports expanded significantly through greater integration in global value chains. Already-high levels of human capital development were complemented by an expanded social safety net and a more integrated approach to education and training.Korea succeeded by focusing on the foundations of long-run growth, building global capabilities in innovation and technology, and adapting and evolving its growth paradigm to promote new sources of growth. Innovative Korea, jointly prepared by the World Bank and the Korea Development Institute, provides useful insights on Korea’s development story and practical lessons for public policy making.
Industrial Policies For Technological Upgrading In Western Balkan Countries
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Author : Fadil Sahiti
language : en
Publisher: Springer Nature
Release Date : 2024-04-12
Industrial Policies For Technological Upgrading In Western Balkan Countries written by Fadil Sahiti and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-04-12 with Political Science categories.
This book focuses on Albania, North Macedonia and Kosovo; it explores the industrial policies currently in place in these economies and compares their effects with the situation in Slovenia, which is used as a reference country. It provides a brief introduction to some new industrial policy approaches and proposes a new industrial policy framework that focuses on development of the national innovation system through technology upgrading and increased exploitation of technology to build the foundations for sustainable development. Finally, it provides an empirical analysis of the technological capabilities of the manufacturing firms operating in in Albania, North Macedonia and Kosovo. It delves into the technical-economic properties of these Western Balkans countries and identifies some strategic options for industrial policy. It emphasizes the need for a form of governance that emphasizes on industrial development and innovation capabilities, which are required for the implementation of these new industrial policies. The analysis draws on the current industrial policy literature and work on developing (catch-up) economies, technological upgrading and innovation studies, which represent current academic thinking in these fields.
Contested Equality
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Author : Elif Askin
language : en
Publisher: Edward Elgar Publishing
Release Date : 2024-12-09
Contested Equality written by Elif Askin and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-12-09 with Law categories.
This is an open access title available under the terms of a CC BY-NC-ND 4.0 License. It is free to read, download and share on Elgaronline, thanks to generous funding support of the University Research Priority Program (URPP) Equality of Opportunity of the University of Zurich. Comparative in scope, this book explores current debates surrounding the legal notion of equality. It expertly analyses equality law from a range of different legal perspectives, divided into three categories: dimensions of inequality; framing and proceduralising inequality; and new frontiers of inequality.
The Dynamics Of Asian Economic Development
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Author : Hitoshi Hirakawa
language : en
Publisher: Springer Nature
Release Date : 2024-12-10
The Dynamics Of Asian Economic Development written by Hitoshi Hirakawa and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-12-10 with Business & Economics categories.
One feature of this book is the clarification of the development mechanism of Asia as a regional economy for over half a century, based on an "Asian Economy Within the Global Economy" approach that goes beyond the single-country analytical framework. The development of emerging economies has caught the world's attention: from the Newly Industrializing Countries or Newly Industrializing Economies of the 1980s to the BRICs entering this century. General economics cannot clarify the internal mechanism of the changing of newly industrialized economies led by Asia. This book clarifies such regional development structure by focusing on the direct investments of multinational firms and the importance of gradual changes of specific policies adopted by newly industrialized economies. Moreover, the book concretely deals with the US–China trade war and China's Belt and Road Initiative (BRI) as a problem of Asian economies. In so doing, the book not only perceives the structural change of the global economy as a structural change from a US-centric global economy of the twentieth century to a China-centric one, but also focuses on the birthing of a new growth frontier in the world economy, under a crisis brought about by a war for hegemony between the US and China. The investment initiative through China's BRI has prompted the investment competition between Japan and the US, which has made even stronger the possibility of giving birth to a new economic frontier in Afro-Eurasia. Another feature is the consideration of various issues that confront Asian countries in their search for economic development, using the Philippines as a case study. The analysis of the study points to the importance of a “shared growth” perspective, which is based on an Asian development model, and discusses the challenge of overcoming the issues of the economic development model within the region. At the same time, this book studies the significance and new issues, as a region, of the economy and overseas policies of attention-drawer China.
Technology And Innovation In Latin America
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Author : Oscar Javier Montiel Méndez
language : en
Publisher: Emerald Group Publishing
Release Date : 2025-06-04
Technology And Innovation In Latin America written by Oscar Javier Montiel Méndez and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-06-04 with Business & Economics categories.
Technology and Innovation in Latin America gathers scholars from all over Latin America to present their research exploring the dual aspects of technology and innovation and their interrelatedness.
The Innovation Paradox
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Author : Xavier Cirera
language : en
Publisher: World Bank Publications
Release Date : 2017-10-02
The Innovation Paradox written by Xavier Cirera and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-10-02 with Business & Economics categories.
Since Schumpeter, economists have argued that vast productivity gains can be achieved by investing in innovation and technological catch-up. Yet, as this volume documents, developing country firms and governments invest little to realize this potential, which dwarfs international aid flows.Using new data and original analytics, the authors uncover the key to this innovation paradox in the lack of complementary physical and human capital factors, particularly firm managerial capabilities, that are needed to reap the returns to innovation investments. Hence, countries need to rebalance policy away from R and D-centered initiatives – which are likely to fail in the absence of sophisticated private sector partners – toward building firm capabilities, and embrace an expanded concept of the National Innovation System that incorporates a broader range of market and systemic failures. The authors offer guidance on how to navigate the resulting innovation policy dilemma: as the need to redress these additional failures increases with distance from the frontier, government capabilities to formulate and implement the policy mix become weaker. This book is the first volume of the World Bank Productivity Project, which seeks to bring frontier thinking on the measurement and determinants of productivity to global policy makers.
Making Global Value Chains Work For Development
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Author : Daria Taglioni
language : en
Publisher: World Bank Publications
Release Date : 2016-06-10
Making Global Value Chains Work For Development written by Daria Taglioni and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-06-10 with Business & Economics categories.
Economic, technological, and political shifts as well as changing business strategies have driven firms to unbundle production processes and disperse them across countries. Thanks to these changes, developing countries can now increase their participation in global value chains (GVCs) and thus become more competitive in agriculture, manufacturing and services. This is a paradigm shift from the 20th century when countries had to build the entire supply chain domestically to become competitive internationally. For policymakers, the focus is on boosting domestic value added and improving access to resources and technology while advancing development goals. However, participating in global value chains does not automatically improve living standards and social conditions in a country. This requires not only improving the quality and quantity of production factors and redressing market failures, but also engineering equitable distributions of opportunities and outcomes - including employment, wages, work conditions, economic rights, gender equality, economic security, and protecting the environment. The internationalization of production processes helps with very few of these development challenges. Following this perspective, Making Global Value Chains Work for Development offers a strategic framework, analytical tools, and policy options to address this challenge. The book conceptualizes GVCs and makes it easier for policymakers and practitioners to discuss them and their implications for development. It shows why GVCs require fresh thinking; it serves as a repository of analytical tools; and it proposes a strategic framework to guide policymakers in identifying the key objectives of GVC participation and in selecting suitable economic strategies to achieve them.