Catch-up, technology, institutions and companies
development as skill acquisition
Keywords:
Catch-up, Development, Technology, Institutions, InnovationAbstract
Economic development may be understood as the process of skill acquisition through which companies and countries come to master economically applicable knowledge as a way to increase productivity, efficiency in the use of scarce goods and economic competitiveness, improving thus the well-being of the population. Catch-up strategies aim at accelerating the processes of economically applicable knowledge acquisition to achieve these goals. This study discusses five approaches on catch-up to develop a theoretical framework in which institutional, technological and business aspects are mobilized, so as to explain the process of economic development as social action of intentional structural transformation in the context of international relations defined by inequality and economic and technological inter-dependence between countries and companies.
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