This report introduces two of the most successful industrial development models of the modern time - the Japanese as a leader and the South Korean as its follower. The objective is to review the industrialization process in these two economies which have served as a model for development in many...

The literature on aid effectiveness has focused more on recipient policies than the determinants of aid allocation yet a consistent result is that political allies obtain more aid from donors than non-allies. This paper shows that aid allocated to political allies is ineffective for growth,...

In order to answer the pertinent question why developing countries are showing penchant for foreign capital over the last two decades in spite of its detrimental effects as revealed from the conventional two-sector mobile capital version of Harris–Todaro (HT) model in the presence of...

In order to answer the pertinent question why developing countries are showing penchant for foreign capital over the last two decades in spite of its detrimental effects as revealed from the conventional two-sector mobile capital version of Harris–Todaro (HT) model in the presence of...

In this paper we analyse the role of sectoral innovation systems in the emergence and catch-up of aerospace industries in latecomer economies. We argue that the aerospace sector is characterized by a process of interrupted innovation. Competitive pressures and the cyclical nature of the industry...

This study contributes to the understanding of the effects of FDI by illustrating that social networks affect technological learning in the Costa Rican ICT cluster in ways that the literature on technological capabilities failed to capture. It is based on extensive qualitative evidence collected...

This paper examines how the last wave of the European Union enlargement process has influenced the export competitiveness of EU countries. A technology-augmented gravity model is applied to distinguished manufacturing sectors to test the effect of the economic integration as well as the role of...

The paper makes an attempt to examine systematically the capabilities for software production in a latecomer context and to propose an approach for analysing the technological capabilities (TC) in a latecomer software industry. Taking the analysis one step further than identifying capabilities,...

In this paper we analyse the role of sectoral innovation systems in the emergence and catch-up of aerospace industries in latecomer economies. We argue that the aerospace sector is characterized by a process of interrupted innovation. Competitive pressures and the cyclical nature of the industry...

Having generated not only growth performance, but also serious imbalances that make it unsustainable in the future, “the Chinese model” has entered into a complex and profound adjustment process, designed to restore its vitality and sustainability, so that the Chinese economy doesn’t...