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Institutional capacity and policy for latecomer technology development

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  • Banji O. Oyeyinka
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    Abstract

    Latecomer countries possess varying levels of policy and institutional capacity to make the right kinds of choices that promote development, which explain to a large extent the difficulties they face in transforming knowledge through learning activities to technological capabilities and innovative performance. This paper tries to answer some of the myriad of questions that arise in resolving the development conundrum of the latecomers. For instance, why is access to knowledge not sufficient to promote the use of knowledge? Why is technology transfer not a necessary precondition for technology absorption? Why is public sector research not sufficient to promote product development through the private sector? The answer to most of these very basic, often-assumed-to-be-given, constraints lies in the nature of, and the capacity of formal and informal institutions that underlie innovation in latecomer countries. I suggest that one of the causes of this failure is the lack of an institutional base for innovation that builds on local and contextual factors.

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    Bibliographic Info

    Article provided by Inderscience Enterprises Ltd in its journal Int. J. of Technological Learning, Innovation and Development.

    Volume (Year): 5 (2012)
    Issue (Month): 1/2 ()
    Pages: 83-110

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    Handle: RePEc:ids:ijtlid:v:5:y:2012:i:1/2:p:83-110

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    Web page: http://www.inderscience.com/browse/index.php?journalID=240

    Related research

    Keywords: latecomer countries; institutional capacity; knowledge transformation; learning activities; technological capabilities; innovative performance; technology transfer; technology absorption; knowledge access; knowledge promotion; public sector; product development; private sector; constraints; formal institutions; informal institutions; local factors; contextual factors; technological learning; technological innovation; technological development; development policies; R&D; research and development.;

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    1. World Bank, 2001. "A Chance to Learn : Knowledge and Finance for Education in Sub-Saharan Africa," World Bank Publications, The World Bank, number 13855, August.
    2. Alice H. Amsden & Wan-wen Chu, 2003. "Beyond Late Development: Taiwan's Upgrading Policies," MIT Press Books, The MIT Press, The MIT Press, edition 1, volume 1, number 0262011980, December.
    3. Jean O. Lanjouw, 1998. "The Introduction of Pharmaceutical Product Patents in India: "Heartless Exploitation of the Poor and Suffering"?," NBER Working Papers 6366, National Bureau of Economic Research, Inc.
    4. Dieter Ernst & Paolo Guerrieri, 1998. "International production networks and changing trade patterns in East Asia: The case of the electronics industry," Oxford Development Studies, Taylor & Francis Journals, Taylor & Francis Journals, vol. 26(2), pages 191-212.
    5. Greenwald, Bruce C & Stiglitz, Joseph E, 1986. "Externalities in Economies with Imperfect Information and Incomplete Markets," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 101(2), pages 229-64, May.
    6. Giesecke, Susanne, 2000. "The contrasting roles of government in the development of biotechnology industry in the US and Germany," Research Policy, Elsevier, Elsevier, vol. 29(2), pages 205-223, February.
    7. Nelson, Richard R. & Sampat, Bhaven N., 2001. "Making sense of institutions as a factor shaping economic performance," Journal of Economic Behavior & Organization, Elsevier, Elsevier, vol. 44(1), pages 31-54, January.
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