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- Title
Innovation and Economic Growth in East Asia: An Overview.
- Authors
Hu, Albert Guangzhou
- Abstract
East Asia has been one of the most dynamic regions of economic growth and development. The past two decades have seen tremendous economic and technological catching up in the region. Using South Korea as a case to illustrate the process of technology catching up, we find that the process of graduating from imitation to innovation is a nonlinear one, and requires conscious efforts to invest in research and development and other technological capability-enhancing activities. Successful technology upgrading also calls for policies and institutions that are relevant to technological innovation to evolve and adapt as an economy goes through the different stages of economic and technological development.
- Subjects
ASIA; ECONOMIC development; TECHNOLOGICAL innovations &; economics; RESEARCH &; development; FOREIGN investments; INTERNATIONAL trade; INDUSTRIAL equipment
- Publication
Asian Economic Policy Review, 2015, Vol 10, Issue 1, p19
- ISSN
1832-8105
- Publication type
Article
- DOI
10.1111/aepr.12078