The Innovation Paradox: Developing-Country Capabilities and the Unrealized Promise of Technological Catch-Up

by William F. Maloney and Xavier Cirera

Since Schumpeter, economists have argued that vast productivity gains can be achieved by investing in innovation and technological catch-up. Yet, as this volume documents, developing country firms and governments invest little to realize this potential, which dwarfs international aid flows. Using new data and original analytics, the authors uncover the key to this innovation paradox in the lack of complementary physical and human capital factors,...

• Format: Paperback
• Language: English
• ISBN: 1464811601
• ISBN13: 9781464811609
• Release Date: October 2017
• Publisher: World Bank Publications
• Length: 214 Pages
• Weight: 0.93 lbs.
• Dimensions: 0.5" x 6.9" x 9.9"