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| Author: | Veloso, F. Soto, J. |
| Title: | Incentives, infrastructure and institutions: perspectives on industrialization and technical change in late-developing nations |
| Journal: | Technological forecasting and social change
2001 : JAN, VOL. 66:1, p. 87-110 |
| Index terms: | INCENTIVES INSTITUTIONS DEVELOPING COUNTRIES |
| Language: | eng |
| Abstract: | The current paper explores the role of incentives, infrastructure, and institutions in late-industrializing countries. The authors argue that all three dimensions are critical to understand differences in technological development and industrial trajectories across countries, because they shape government policies and firm strategies in terms of exports, subcontracting, and technology acquisition, among others. Moreover, the authors explain how recent insights in the theory of economic growth may be used to understand the incentive and infrastructure dimensions of development, even at a very micro level, but fall short of addressing institutions. |
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