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Development strategies in a context of world system disorder

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  • Lundvall, Bengt-Åke

    (Aalborg Business School, Aalborg University)

Abstract

The world has been through several major crises since the beginning of the new millennium and the old-world order, with the US as hegemonic power, is challenged by the rise of China. There has been a reversal of, as well as directional change in, the globalization trend. A weakening of international collaboration is taking place against a backdrop of global challenges such as climate change, digital revolution and global inequality, challenges calling for coordinated action. Starting from a knowledge-based world system perspective, the paper reflects on, what this means for innovation and development strategies in the South. Which are the main threats and opportunities in the current era? Which lessons can be drawn from the rise of China? What are the implications for research agendas?

Suggested Citation

  • Lundvall, Bengt-Åke, 2023. "Development strategies in a context of world system disorder," Lund Papers in Economic History 248, Lund University, Department of Economic History.
    • Handle: RePEc:hhs:luekhi:0248
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    world system theory; development theory; Wallerstein; Freeman; knowledge; innovation systems;
    All these keywords.

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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