000			01647 a2200193 4500
999			_c25775 _d25775
003			OSt
005			20200828175506.0
008			200828b ||||| |||| 00| 0 hin d
020			_a9781108460705
040			_aNassdoc Library _bEnglish
082			_a338.90091724 _bLEE-A
100			_aLee, Keun
245			_aArt of economic catch-up: barriers, detours and leapfrogging in innovation systems
260			_bCambridge University Press _c2019
300			_axxiii, 279p.
520			_aIn his previous Schumpeter Prize-winning work, Lee analysed the 'middle-income trap', in which a developing country grows strongly only to plateau at a certain point. Yet certain developing countries, most significantly China, have managed to escape this trap. Building on the conception of the ladder from developing to developed countries being kicked way, this book suggests alternative ways, such as 'leapfrogging', in which latecomers can catch up with their forerunners. Providing policy solutions for development challenges in non-technical terms, Lee frames his theories with insightful and inventive allegories. In doing so, Lee also accounts for the catch-up paradox, in which one cannot conclusively catch-up if they are continually trying to follow the path of those ahead. He argues that eventual catch-up and overtaking require pursuing a path that differs from that taken by forerunners. This highly original and accessible book will appeal to students, scholars, practitioners, and anyone interested in economic development and innovation.
650			_aTechnological innovations _vEconomic development _vDeveloping countries
942			_2ddc _cBK