The Challenges of Technology and Economic Catch-up in Emerging Economies

Innovation is essential for economic growth, but failure to build effective technological capability can lead to slow long-term growth. This book synthesizes and interprets existing knowledge on technology upgrading failures in emerging economies, focusing on three major dimensions: paths of technology upgrading, structural changes, and technology transfer. The recent growth slowdown in many emerging economies has reinforced the importance of understanding these challenges.

Format: Hardback
Length: 528 pages
Publication date: 24 June 2021
Publisher: Oxford University Press

Innovation is a crucial catalyst for economic growth, propelling industries to evolve and expand their potential. Technological capability plays a pivotal role in this process, enhancing the growth prospects of economies. However, the failure to develop effective technological capabilities can hinder long-term economic growth. This book aims to synthesize and interpret existing knowledge on technology upgrading failures in emerging economies, shedding light on the challenges they face. By examining three major dimensions of technology upgrading: paths of technology upgrading, structural changes in the nature of technology upgrading, and issues of technology transfer and upgrading, the book seeks to bring together diverse evidence from different countries and world macroregions.

While our understanding of technology upgrading in emerging economies has made significant strides since the 1980s and 1990s, there is still a significant gap in our knowledge. The recent growth slowdown in many emerging economies, often referred to as the "middle-income trap," has underscored the importance of understanding the technology upgrading challenges they encounter. While our understanding of these issues during this period is more systematic, the more recent changes brought about by globalization, the proliferation of global value chains, and the impact of the 2008 financial crisis have yet to be explored and compared synthetically.

Furthermore, the current effects of COVID-19, geopolitical struggles, and other global challenges have further amplified the need for a comprehensive understanding of technology upgrading in emerging economies. By examining these challenges in a holistic manner, the book aims to provide valuable insights for policymakers, industry executives, and researchers seeking to promote sustainable and inclusive economic growth.

In conclusion, innovation is a vital force behind economic growth, and technological capability plays a critical role in driving this growth. This book aims to enhance our understanding of technology upgrading failures in emerging economies, providing valuable insights for policymakers, industry executives, and researchers. By examining the challenges and opportunities in a comprehensive manner, we can work towards promoting sustainable and inclusive economic growth in the years to come.

Weight: 1012g
Dimension: 165 x 241 x 36 (mm)
ISBN-13: 9780192896049