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The rapid growth of East Asian economies
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TITLE: “FROM IMITATION TO INNOVATION: THE CASE OF CHINA, INDIA & SOUTH KOREA”
ABSTRACT:
The aim of this project is to establish the role of imitation, innovation and innovation policies in the economic growth experienced by the three major emerging economies in the Asia-Pacific (APAC) region i.e. China, India and South Korea (CISK). All these three economies have seen transformation from being imitation giants to innovation powerhouses. So, the big question is whether innovation has indeed played any role in the superior economic growths experienced by these countries. What are the major determinants of innovation in these economies? How have the economic reforms (China-1978, India-1991 and South Korea-1998) and changes in government policies
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2. Crouching Tigers and a Hidden Dragon: How economic reforms in India, South Korea and China revitalized their economies by elevating their innovation policies.
This paper will study the impact of economic reforms on the innovation systems and national innovation policies in each of the three countries being studied.
3. Cross-country comparison of China-India-South Korea (CISK) innovation dataset and economic growth policies
The focus of this paper will be on using quantitatively analysing innovation’s effect on economic development and country-wise prospects of future growth
4. The co-evolution of imitation, technological and/or service innovations and innovation policy in emerging Asian economies: Cointegration of innovation time series data
This paper will analyze economic growth of the CISK economies using cointegration analysis and draw comparisons with innovation systems in OECD countries.
Time Scale: Milestone Approx. Time Required
• Preliminary Theoretical Study & Analysis 4 Months
• Written project proposal (draft) 1.5 Months
• Written project proposal (final) 15
India and China accepted and implemented similar economic policies, choosing to use targeted growth plans and investing heavily in manufacturing and industry. Specifically considering what both states termed “Five Year Plans”, each nation’s government set goals for development in particular areas and used economic intervention to meet these objectives. In China, longtime Dictator Mao Zedong established the “Great Leap Forward” as a targeted industrial and agricultural development, with an image of workers laboring throughout the night as a demonstration of the ambitious goals. Great Leap Forward Doc. 1)
Utterback, A. M. (1996). Mastering the dynamics of innovation. United States of American: Harvard Business Press
Wignaraja, G. (2012) . Do Exporting Firms in the People’s Republic of China Innovate? ADBI Working Paper 365. Tokyo: Asian Development Bank Institute. Available: http://www.adbi.org/working-paper/2012/07/03/5135.exporting.firm.prc.innovate
...ain, Chandler in 1994 endeavoured to handle this issue by creating "late improvement hypothesis", which states that creating nations can skip through every one of the four stages depicted by Porter. This is on account of they can import or mimic the innovation and business frameworks which recently exist in other created countries. China, for instance, could expand their gainfulness by adapting new items in their home nation and hence, attaining an expense advantage technique. This was expected for the most part the low wages and good trade rates arrangement. Along these lines, China could expand its gainfulness without enhancing, without any danger of innovation improvement. Just USA, which has high capital for every specialist and is as of now in the innovative wilderness, must advance to succeed, heading Porter to over all inclusive statements different nations.
Forbes, N. & Wield, D. (2002). From Followers to Leaders: Managing Technology and Innovation in Newly Industrializing Countries. UK: Psychology Press.
Fan, Peilei. “Innovation, globalization, and catch-up of latecomers: Cases of Chinese telecom firms.” Environment and Planning-Part A 43.4 (2011): 830-849. Web. 10 Mar. 2014.
...ividuals and systems should be developed to encourage innovation in a flexible way with few legal restrictions. Government and investors should work towards improving the infrastructure of the nation by providing facilities and platforms making it simple for any individual to innovate.
It is broadly recognized that the stimulation of innovative activity is vital for the competitive advantage, growth of enterprises, and country’s economy.
In today’s world the economic activities is more knowledge intensive. Besides of commercialization as well as globalization more emphasize is given to the role of innovation in terms of economic growth. The reasons behind is that sustainable innovation will play a major role determining the future economic growth of a country. The governments of different countries having realized that accelerated the policy efforts which are focused to strengthen the national innovation systems. From my opinion government should play an active role to assist the sustainable innovation. To assist the process of sustainable innovation the government should focus on research and development, a good system of education, activities to encourage entrepreneurs and knowledge flows. According to my point of view all these activities are the determinants for innovative activity.
There are at least four different research perspectives about the relationship between development and economic growth. Firstly, economic growth is the basis for social development. Secondly, economic growth and social development are not necessarily linked. Thirdly, both economic growth and social development are not basic causes by each other, but they depend on interaction. Fourthly, social development is the prerequisite for economic growth (Mazumdar. 1...
Economic growth is one of the most important fields in economics. In current generation economic is developing well. Economic growth is really important to country and for the world as well. Economic are one of the identity for country because it shows a country development and attraction for other countries (F, Peter. 2014). For example well economic develop such as Singapore, Dubai, New York, and Japan. These countries are well develop and maintaining their economic growths. Economic growths are really important because higher average incomes enables consumers to enjoy more goods and services. Then, lower unemployment with higher output and positive economic growth firms tend to utilize more workers creating more employment. Enhanced public
First, the effect of innovation is important across different countries and institutional contexts. But the nature and role of the invention of new things will differ at different levels of economic development. Entrepreneurs in poor developing countries provide innovation that is important for the firm and country growth, even if they are in small steps up in nature. The invention of new things in developing countries involves the process by which firms master and put into use the design and production of products and services that are new to
Innovation and entrepreneurship are a great degree basic for any association for its development, improvement and survival in the present economy smothered by rivalry. The act of advancement is exceptionally empowered and subsidized these days with a specific end goal to expand an association's maintainability and to goad another rush of development and to create or pull in another portion of clients. Advancement as a rule happens at three levels as expressed by Hamel and Valinkangas 2003. Those are Revolution, Renewal and Resilience. A Revolution includes development with the end goal that it decimates other previous market occupiers while making another pattern where in the
1997). By reviewing the literature on learning and innovation, we try to answer the following
The dependent variable, which has been extensively used in prior examinations, is rate of growth in gross domestic product per capita. Moreover this research will cover the time range between 1960 and 1990; and the information measuring the dependent variable will be extracted from the World Bank data set. The data source is reliable because it measures the strength and size of a country’s economy of every year within a specified time period, hence allowing this paper to examine the influence that general trends have on growth rates. For the independent measures, I will utilize both qualitative and statistical analysis from previous research (which examines level of education, regime type, comparison of exports and imports, etc.) carried out by government agencies, international organization and scholars.