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Technology, Economic Growth and Crises in East Asia (Hardcover)
Loot Price: R2,852
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Technology, Economic Growth and Crises in East Asia (Hardcover)
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This important book develops an evolutionary conception of growth
in East Asia, in which technology, organizations and institutions
interact and co-evolve to advance productivity. Episodic crises are
seen as disruptions which bring to the fore structural and
institutional flaws that need reform.The author begins with a
thorough analysis of the neo-classical theory of technical change
and shows that it fails to capture crucial aspects of the various
learning processes involved. He goes on to develop a comprehensive
framework for understanding technological progress. Productivity
growth is seen as deriving from knowledge hard-coded in equipment
and structures, and soft-coded in human skill, organizations and
institutions that guide economic activity. The role of exports in
promoting faster growth is also examined, as are the channels of
technological capability acquisition. This book will be welcomed by
academics, policymakers, students, government bodies and business
people interested in East Asian growth and in understanding
technological change in general.
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