Schumpeterian Analysis of Economic Catch-up

Schumpeterian Analysis of Economic Catch-up

Author: Keun Lee

Publisher: Cambridge University Press

Published: 2013-10-31

Total Pages: 299

ISBN-13: 1107042682

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A fresh analysis of the secrets of Asian economic success and how other countries can escape the 'middle-income' trap.


The Art of Economic Catch-Up

The Art of Economic Catch-Up

Author: Keun Lee

Publisher: Cambridge University Press

Published: 2019-05-16

Total Pages: 305

ISBN-13: 1108472877

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A highly original book that provides policy solutions for development challenges, framing them with insightful and inventive allegories.


Schumpeterian Analysis of Economic Catch-up

Schumpeterian Analysis of Economic Catch-up

Author: Keun Lee

Publisher: Cambridge University Press

Published: 2013-10-31

Total Pages: 299

ISBN-13: 1107471427

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One of the puzzles about why some countries have stronger economic growth than others revolves around the so-called 'middle-income trap', the situation in which a country that has grown strongly gets stuck at a certain level. In this book, Keun Lee explores the reasons why examples of successful catching-up are limited and in particular, why the Asian economies, including China, have managed to move, or are moving, beyond middle-income status but economic growth has stalled in some Latin American countries. This is one of the first studies to demonstrate using patent analysis that the secret lies in innovative systems at the firm, sector and country levels which promote investment in what the author calls 'short-cycle' technologies and thereby create a new path different from that of forerunning countries. With its comprehensive policy framework for development as well as useful quantitative methods, this is essential reading for academic researchers and practitioners.


Innovation, Catch-up and Sustainable Development

Innovation, Catch-up and Sustainable Development

Author: Andreas Pyka

Publisher: Springer Nature

Published: 2021-11-16

Total Pages: 430

ISBN-13: 3030849317

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This volume presents selected contributions from the 2018 conference of the International Schumpeter Society (ISS). The selected chapters in this volume reflect the state-of-the-art of Schumpeterian economics dedicated to the three conference topics innovation, catch-up, and sustainability. Innovation is driving catch-up processes and is the condition for a transformation towards higher degrees of sustainability. Therefore, Schumpeterian economics has to play a key role in these most challenging fields of human societies’ development in the 21st century. The three topics are well suited to capture the great variety of issues, which have the potential to shape the scientific discussion in economics and related disciplines in the years to come. The presented contributions show the broadness and high standard of Schumpeterian analysis. The ideas of dynamics, heterogeneity, novelty, and innovation as well as transformation are the most attractive fields in economics today and offer the most prolific interdisciplinary connections now and for the years to come when humankind, our global society, has to master the transition towards sustainable economic systems by solving the grand challenges and wicked problems with which we are confronted today. Therefore, the book is a must-read for scholars, researchers, and students, interested in a better understanding of innovation, catch-up, and sustainability, and Schumpeterian economics in general. The chapter “Industrial life cycle: relevance of national markets in the development of new industries for energy technologies – the case of wind energy” is available open access under a CC BY 4.0 License via link.springer.com.


China's Technological Leapfrogging and Economic Catch-up

China's Technological Leapfrogging and Economic Catch-up

Author: Keun Lee

Publisher:

Published: 2021

Total Pages: 704

ISBN-13: 9780191939860

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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.


Modern Evolutionary Economics

Modern Evolutionary Economics

Author: Richard R. Nelson

Publisher: Cambridge University Press

Published: 2018-05-03

Total Pages: 285

ISBN-13: 1108660789

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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.


Economic Catch-up and Technological Leapfrogging

Economic Catch-up and Technological Leapfrogging

Author: Keun Lee

Publisher: Edward Elgar Publishing

Published: 2016-08-26

Total Pages: 388

ISBN-13: 1785367935

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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.


Catching Up and Leapfrogging

Catching Up and Leapfrogging

Author: Xiao-Shan Yap

Publisher: Taylor & Francis

Published: 2016-12-01

Total Pages: 171

ISBN-13: 1315449870

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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.


Economic Development in a Globalized Environment

Economic Development in a Globalized Environment

Author: Henry Y. Wan Jr.

Publisher: Springer Science & Business Media

Published: 2011-06-28

Total Pages: 407

ISBN-13: 1441989412

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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.


Resources, Production and Structural Dynamics

Resources, Production and Structural Dynamics

Author: Mauro L. Baranzini

Publisher: Cambridge University Press

Published: 2015-04-30

Total Pages: 521

ISBN-13: 1107079098

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New approach to the economic theory of resources, showing the positive role that scarcities can play in triggering economic growth.