The Mystery of Catch-up Development

The paper takes notice of an ever growing inadequacy of the aims and outcomes of catch-up development. Contrary to the widespread approach to catch-up policy as following up the path passed by the developed countries, the authors consider catch-up development as an immanent feature of the global rather than domestic market. Arguing this standpoint they analyze some modern catch-up theories and other corresponding issues including synergetic model of growth. The latter assumes that all economic actors, from the state and to an individual, act as creative partners and competitors on the national and global levels. Thus they obtain the equal prospects for success.