1. Introduction -- Part I catch-up and leapfrogging at the economy level -- 2. Historical origins and initial conditions for economic catch-up (with H.Y. Lee) -- 3. Korean model of catch-up development: a 'capability-based view' -- 4. Intellectual property rights and technological catch up -- 5....

In his previous Schumpeter Prize-winning work, Lee analysed the 'middle-income trap', in which a developing country grows strongly only to plateau at a certain point. Yet certain developing countries, most significantly China, have managed to escape this trap. Building on the conception of the...