Innovation and Economic Catch-Up in Asia: Why Middle-Income Nations Fail
Seoul National University
Friday, October 11, 2013
3:30 p.m. to 5:00 p.m.
Center for Korean Studies Auditorium
1881 East-West Road
University of Hawai‘i at Mānoa
Professor Keun Lee will discuss his new book, Schumpeterian Analysis of Economic Catch-up: Knowledge, Path-Creation, and the Middle-Income Trap being published in October by Cambridge University Press. In the book, Lee presents a new analysis of the reasons why some Asian countries, including China, have managed to move, or are moving, beyond the so-called middle-income trap to catch up with the most advanced economies of the world while others, in Latin America, for example, have failed to do so. Lee's study is one of the first to apply methods of using patent data to analyze innovation systems at the country, sector and firms levels in order to explore their impact on economic performance. Lee's text also offers a comprehensive policy framework for economic development, from a Schumpeterian perspective focused on technology and innovation, to show how to achieve sustained economic growth beyond the level of the middle incomes.
This event is sponsored by the Center for Korean Studies and the UH Mānoa Department of Economics through the Seiji Naya Fund. A reception will follow the presentation.
DR. KEUN LEE is the director of the Center for Economic Catch-up and a professor of economics at Seoul National University. He holds a Ph.D. degree from the University of California, Berkeley. Lee has been a consultant at the World Bank; a lecturer at the University of Aberdeen, Scotland; and a research fellow at the East-West Center. His main research topic is the economics of catch-up with a focus on the role of business groups, corporate governance and growth, industrial policy, innovation and technology policy, and system transition in the context of Korea, China, and other Asian economies. Lee also is the managing editor of Seoul Journal of Economics and one of the editors for Research Policy and serves on the editorial boards of many other journals. His articles have appeared in a variety of journals, including Research Policy, Industrial and Corporate Change, Journal of Economic Behavior and Organization, Journal of Comparative Economics, Economic Development and Cultural Change, and World Development.