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A highly original book that provides policy solutions for development challenges, framing them with insightful and inventive allegories.
List of contents
1. Introduction; 2. Different mechanisms of growth in poor and rich nations and the narrow pathway in between; 3. The three detours and capability building; 4. The detour of promoting big businesses and SMEs during transition; 5. Flying on a balloon out of the windows of opportunity: why and how to leapfrog; 6. Recapitulation of the art; 7. Practicing the art in late latecomers.
About the author
Keun Lee is Professor of Economics at Seoul National University, and the founding director of the Center for Economic Catch-up. He is also the President of the International Schumpeter Society, a member of the UN Committee for Development Policy, an editor of Research Policy, a council member of the World Economic Forum, and a member of the governing board of Globelics. He was awarded the 2014 Schumpeter Prize for his book Schumpeterian Analysis of Economic Catch-up: Knowledge, Path-creation and the Middle Income Trap (Cambridge, 2013).
Summary
Lee provides policy solutions for development challenges in non-technical terms, instead framing them with insightful and inventive allegories. The Art of Economic Catch-Up will appeal to anyone interested in innovation, 'leapfrogging', and economic development.
Additional text
'Building on his mastery of state-of-the-art economic theories and drawing on his unparalleled knowledge of how firms and nations develop, Keun Lee has produced an invaluable guide to economic catch-up. The book provides very pragmatic but highly sophisticated advice for policy-makers and firm-managers in developing nations that want to develop their economies. It is simply a remarkable book.' Ha-Joon Chang, University of Cambridge, and author of Kicking Away the Ladder and Economics: The User's Guide
