A sustainable pathway for Africa in the twenty-first century is laid out in the setting of the development of innovation capabilities and the capture of latecomer advantages. Africa has missed out on these possibilities in the twentieth century while seei

The paper argues that science, technology and innovation (STI) play a critical role in expediting transition to a sustainable mode of development. Latecomer nations suffer from several disadvantages as they attempt to catch-up with the technological leaders, but they can enjoy latecomer...

While the set of liberalising and fiscally conservative development precepts dubbed the 'Washington Consensus' are now discredited as a tool for development, there is as yet no widely adopted or accepted alternative other than references to the 'East Asian model'. In this paper, we distil the...

From the perspective of Penrose's theory of growth of the firms, this paper, first, interprets the rapid growth with diversification by the chaebols as exploitation of growth opportunities and available resources, given the rents associated with the domestic market protection and subsidized...

This paper examines the experiences of selected industries in Korea to identify the stylized facts in the process of technological capability building and thereby to sort out, if possible, the conditions for the catch-up to occur. We have built a model of technological and market catch-up....

The available empirical literature tends to focus on the performance comparison between business groups (BGs) and non-business groups, and there is no study that quantitatively verifies the origins of the business groups, particularly in China. This paper uses the survey data of SOEs...

This paper analyzes problems in China's enterprise reform from property rights and agency problem perspectives. Reform efforts by the mid 1980s are interpreted as dealing with only the agency problem by relocating the decision process among agents, but not solving the hierarchical collusion...