Skip to main content Accessibility help
×
    • You have access
    • Open access
  • Cited by 1
Publisher:
Cambridge University Press
Online publication date:
February 2024
Print publication year:
2024
Online ISBN:
9781009456234
Creative Commons:
Creative Common License - CC Creative Common License - BY Creative Common License - NC
This content is Open Access and distributed under the terms of the Creative Commons Attribution licence CC-BY-NC 4.0 https://creativecommons.org/creativelicenses

Book description

Many developing countries still face difficulties initiating and sustaining economic development. Such difficulties have been exacerbated by the COVID-19 pandemic, resulting in an increasing divergence between rich and poor countries. One crucial question is whether to follow the trajectories of present-day rich countries or seek out different, new trajectories. Although this is a fundamental question, scholars offering mainstream prescriptions have not sufficiently explored it. Drawing on extensive empirical studies of firms and industries, Innovation and Development Detours for Latecomers proposes an effective alternative to prevailing development thinking. It presents a rich menu of development pathways, including a new role for Schumpeterian states whereby they do not follow the paths of technological development already taken by advanced countries. Rather, they can skip certain stages and even create their own detours thereby leapfrogging advanced countries in both manufacturing and service sectors. This title is also available as Open Access on Cambridge Core.

Reviews

‘A richly detailed and highly stimulating book on how latecomers, especially middle-income countries, can overcome the multiple obstacles they face. The key, Keun Lee argues, is not to emulate the experience of rich countries but to develop institutional innovations better suited to their needs – through industrial policies that emphasize domestic knowledge and ownership of firms and mediate the economy's relationship with the global economy, while leveraging the discipline of global competition. Drawing on extensive empirical studies of firms and industries around the world, this book presents a rich menu of development pathways.'

Dani Rodrik - Professor, Harvard University

‘In this original, thought-provoking book, Keun Lee shows that in a new context of de-globalization, policies and strategies of ‘catching up' need to be revised. It is not enough to follow in the tracks of the rich countries or to trust market forces. Multiple pathways with different combinations of local and global knowledge sourcing and learning may be followed. To be successful they require a developmental state with a readiness to initiate detours and leapfrogging.'

Bengt Åke Lundvall - Professor, Aalborg University; founder of Globelics

‘Few catching-up countries in the world were able to escape the middle-income trap. Based on multi-dimensional, empirical analyses of those successful few in recent decades, Keun Lee challenges conventional wisdoms and provides insightful lessons for firms and governments in other middle-income countries to achieve a similar successful catching up. The key for the success is the changing pattern of interactions between leading firms and the state to foster global competitiveness along the catching-up process. The book is a must-read for business, academic, and policy communities in the developing countries and global development circles.'

Justin Yifu Lin - Dean of the Institute of New Structural Economics and Institute of South–South Cooperation and Development, Peking University; former Chief Economist, World Bank

‘This book offers a good balance between content for policy makers and for practitioners of innovation seeking growth opportunities in emerging or latecomer markets. … Recommended.’

S. Paul Source: CHOICE

Refine List

Actions for selected content:

Select all | Deselect all
  • View selected items
  • Export citations
  • Download PDF (zip)
  • Save to Kindle
  • Save to Dropbox
  • Save to Google Drive

Save Search

You can save your searches here and later view and run them again in "My saved searches".

Please provide a title, maximum of 40 characters.
×

Contents

Full book PDF
  • Innovation–Development Detours for Latecomers
    pp i-ii
  • Copyright page
    pp iv-iv
  • Contents
    pp v-vii
  • Figures
    pp viii-viii
  • Tables
    pp ix-x
  • Preface
    pp xi-xvi
  • Abbreviations
    pp xvii-xx
  • 1 - Introduction
    pp 1-24
  • 2 - National Innovation Systems and Alternative Pathways for Latecomers
    pp 25-63
  • 3 - From Global–Local Interfaces to Local Value Added, Knowledge, and Ownership
    pp 64-105
  • 4 - Coevolution of Firms with Sectoral, Regional, and National Systems
    pp 106-144
  • 5 - Innovation–Development Detour in South Korea
    pp 145-206
  • 6 - The Roles of Government in Development Detours
    pp 207-245
  • 7 - Summary and Concluding Remarks
    pp 246-253
  • References
    pp 254-278
  • Index
    pp 279-284

Metrics

Altmetric attention score

Full text views

Total number of HTML views: 0
Total number of PDF views: 0 *
Loading metrics...

Book summary page views

Total views: 0 *
Loading metrics...

* Views captured on Cambridge Core between #date#. This data will be updated every 24 hours.

Usage data cannot currently be displayed.