Lewis (eds), The New Institutional Economics and Third World Development (London: Routledge). Khan, Mushtaq Husain (1995) “State Failure in Weak States: A Critique of New Institutionalist Explanations,” in John Haniss, Janet Hunter, and Colin M. World Bank Policy Research Working Paper No. and Saggi, Kamal (2004) Transfer of Technology to Developing Countries: Unilateral and Multilateral Policy Options. Hausmann, Ricardo and Rodrik, Dani (2003) “Economic Development as Self Discovery,” Journal of Development Economics, vol.
Nelson, Gerald Silverberg, and Luc Soete (eds), Technical Change and Economic Theory (London: Pinter Publishers). Available online at Google ScholarĬlark, Gregory and Wolcott, Susan (2002) “One Polity, Many Countries: Economic Growth in India, 1873–2000,” in Dani Rodrik (ed.), Institutions, Integration, and Geography: In Search of the Deep Determinants of Economic Growth (Princeton, NJ: Princeton University Press).ĭosi, Giovanni (1988) “The Nature of the Innovative Process,” in Giovanni Dosi, Christopher Freeman, Richard R. 201 (New Delhi: Indian Council for Research on International Economic Relations).īecker-Ritterspach, Florian (2007) Maruti-Suzuki’s Trajectory: From a Public Sector Enterprise to a Japanese Owned Subsidiary, 15th GERPISA International Colloquium, June 20–2 (Paris: GERPISA International Network).
and Vashisht, Pankaj (2008) Determinants of Competitiveness of the Indian Auto Industry. (1969) “A New View of Technological Change,” The Economic Journal, vol. This process is experimental and the keywords may be updated as the learning algorithm improves.Ītkinson, Anthony B. These keywords were added by machine and not by the authors. Developing countries typically have limited governance capabilities and limited potential of developing these capabilities in every direction. In general, solutions to contracting failures require properly designed corrective policies and appropriate governance capabilities on the part of the state. This exposes financiers to significant contracting risks that can result in non-investment or the failure to achieve competitiveness. Developing the appropriate organizational capabilities involves the exertion of significant effort in the acquisition of tacit knowledge, a process that is difficult to observe and control. Building organizations that can competitively use the new technologies is a difficult task that is subject to significant contracting failures. Developing countries typically lack the organizational and technological capabilities embedded in firms that are necessary for using new technologies to produce competitive products. A number of potentially relevant contracting failures are well known but a particularly important one is underempha- sized. The reasons are often contracting problems that prevent critical investments being organized. Yet developing countries often find it difficult to absorb even relatively simple technologies even when they have the resources to buy the relevant machines and have workers with the appropriate levels of formal education who are willing to work for relatively low wages. Developing countries can grow rapidly by absorbing known technologies from more advanced countries.
0 kommentar(er)
