Developing-Country Capabilities and the Unrealized Promise of Technological Catch-Up
by
William F. Maloney, Xavier Cirera
Language: English
Release Date: October 2, 2017
Since Schumpeter, economists have argued that vast productivity gains can be achieved by investing in innovation and technological catch-up. Yet, as this volume documents, developing country firms and governments invest little to realize this potential, which dwarfs international aid flows. Using new...