This paper presents an overview and assessment of the theoretical and empirical work on catch-up and growth with particular emphasis on the impact of technology and the consequences for developing countries. The point of departure is the neoclassical theory of economic growth, as laid out by...

During the last two decades we have seen a revival of interest in the works of Joseph Schumpeter and “evolutionary” ideas in economics more generally. A professional society honouring Schumpeter's name has been founded, and linked to it we have had for more than fifteen years now a...