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Innovation and Economic Development Theoretical Reprospect and Prospect

In: Technology Generation in Latin American Manufacturing Industries

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  • Richard R. Nelson

Abstract

The purpose of this chapter is to discuss some theoretical issues latent in the basic ideas behind the IDB-ECLA research programme in science and technology, and now being sharpened by the empirical findings that are emerging. The programme presumes that manufacturing development in countries that are not technological leaders may involve significant elements of creativity and innovation. The empirical studies are finding this to be so. The technologies employed in Latin American manufacturing plants tend to be somewhat idiosyncratic and not easily describable as merely backwards. Further, technologies employed differ significantly among firms within the same country. Innovation, idiosyncracy, and diversity, are not characteristics of manufacturing development highlighted by most formal development models, and indeed these characteristics are hard to reconcile with orthodox formal theory. Yet there they are, certainly interesting and probably important features of the development landscape.

Suggested Citation

  • Richard R. Nelson, 1987. "Innovation and Economic Development Theoretical Reprospect and Prospect," Palgrave Macmillan Books, in: Jorge M. Katz (ed.), Technology Generation in Latin American Manufacturing Industries, chapter 3, pages 78-93, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-07210-1_4
    DOI: 10.1007/978-1-349-07210-1_4
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    Cited by:

    1. Ricardo A. López, 2005. "Trade and Growth: Reconciling the Macroeconomic and Microeconomic Evidence," Journal of Economic Surveys, Wiley Blackwell, vol. 19(4), pages 623-648, September.
    2. Amit Ray & Saradindu Bhaduri, 2001. "R&D and Technological Learning in Indian Industry: Econometric Estimation of the Research Production Function," Oxford Development Studies, Taylor & Francis Journals, vol. 29(2), pages 155-171.

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