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"This paper explores endogenous institution formation under a catching-up strategy in developing countries. Since the catching-up strategy is normally against the compartive advantages of the developing countries, it can not be implemented through laissez-faire market mechanisms, and a...
Persistent link: https://www.econbiz.de/10010520965
This paper explores endogenous institution formation under a catching-up strategy in developing countries. Since the catching-up strategy is normally against the compartive advantages of the developing countries, it can not be implemented through laissez-faire market mechanisms, and a government...
Persistent link: https://www.econbiz.de/10012552230
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emerging market countries such as China, India and Brazil are also engaged in industrial upgrading but with a critical … difference. In particular, because of its sheer size, China has absorbed nearly all labor-intensive jobs and become the world …?s largest exporter of labor-intensive products. The current view is that China?s dominance hinders poor countries from …
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