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Schumpeterian Analysis of Economic Catch-up - Knowledge, Path-Creation, and the Middle-Income Trap (Hardcover, New)
Loot Price: R1,564
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Schumpeterian Analysis of Economic Catch-up - Knowledge, Path-Creation, and the Middle-Income Trap (Hardcover, New)
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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.
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