Schumpeterian Analysis of Economic Catch-up: Knowledge, Path-Creation, and the Middle-Income Trap

Lee, Keun

ISBN 10: 1107042682 / ISBN 13: 9781107042681

Published by Cambridge University Press, 2013

About this Item

Seller Inventory # 1107042682-11-32391251

Bibliographic Details

• Title: Schumpeterian Analysis of Economic Catch-up: Knowledge, Path-Creation, and the Middle-Income Trap
• Publisher: Cambridge University Press
• Publication Date: 2013
• Language: English
• ISBN 10: 1107042682
• ISBN 13: 9781107042681
• Binding: hardcover
• Condition: New
• Weight: 20 ounces

About this title

Synopsis

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.

About the Author

Keun Lee is a Professor of Economics at the Seoul National University and Director of the Center for Economic Catch-up. He is a globally recognized expert on the economics of catch-up and Asian economies. Professor Lee is also a member of the UN's Committee for Development Policy, a co-editor of the journal Research Policy and a member of the governing board of Globelics, as well as Asia-Pacific Innovation Network.