By Konrad Liebig

Essay from the yr 2010 within the topic Economics - business Economics, grade: 70/100, Stellenbosch Universitiy (Economics), path: Economics of Technological swap, language: English, summary: A country´s monetary functionality and wealth is obviously associated with the measure of the country´s industrialization approach. This strategy is in flip hooked up with the diffusion of know-how inside of and into the rustic (Clark et al. 1993). within the particular case of constructing nations your next step of industrialization mustn't ever also be an cutting edge one as the know-how already exists in constructed international locations (Henry/Kneller/Milner 2009). also the absorption of more recent applied sciences may still even turn into more straightforward the larger the lag to the technical frontier turns into. for that reason, it should be puzzled why many constructing nations can't successfully overtake and use applied sciences from constructed nations to minimize their loss of improvement even supposing these applied sciences appear to be so simply to be had. the growth of knowledge and verbal exchange expertise should still make the entry to them even more straightforward.
Another very important element is that achieving a definite point of industrialization allows a country´s to be leading edge itself by way of adjusting latest applied sciences or via growing new connections among varied “old” applied sciences. during this means extra improvement will be reached just like the fiscal luck tales of East Asian international locations, e.g. South Korea, convey. It should be puzzled which classes today´s constructing international locations mostly in Africa can examine from those international locations whereas preserving in brain that they do produce other particular preconditions.
This essay is established as follows. It begins with outlining a few helpful definitions. it's by means of an remark which requisites constructing nations have to effectively take up applied sciences. Afterwards it presents a glance on the designated case of South Korea and its improvement that indicates how expertise absorption may perhaps seem like in a constructing state. Then the essay keeps with a tenet for a government´s exchange and know-how coverage ahead of it ends with a few ultimate conclusions.

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Catching up through technology absorption: Possibilities for developing countries (Aus der Reihe: stipendiaten-wissen) by Konrad Liebig

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