Template-type: ReDIF-Paper 1.0
Author-Name: Chang, Ha-Joon
Author-Email: hjc1001@econ.cam.ac.uk
Author-Workplace-Name: Cambridge University, Faculty of Economics and Politics
Author-Name: Cheema, Ali
Author-Email: ac10009@hermes.cam.ac.uk
Author-Workplace-Name: Cambridge University, Faculty of Economics and Politics
Title: Conditions for Successful Technology Policy in Developing Countries : Learning Rents,
	 State Structures and Institutions
Abstract: The paper develops an analysis of the economic, political, and institutional
	 conditions for successful design and implementation of technology policy in
	 developing countries. After a brief introduction (section 1), we discuss contending
	 economic theories of technological change and technology policy (section 2). It is
	 concluded that, despite many pro-market arguments, market imperfections inherent in
	 the process of technological change make the creation of learning and innovation
	 rents by the state potentially very beneficial, especially in developing countries.
	 The next section (section 3) analyses the political and institutional factors that
	 determine how effectively such rents can be created and managed. Then we discuss
	 how the scope of technology policy in developing countries is affected by the
	 recent changes in domestic and international policy contexts such as domestic
	 deregulation and the emergence of a "liberal" world order represented by the WTO
	 (section 4). The paper ends with a brief conclusion (section 5).
Keywords: Industrial Policy, Technological Development, State Autonomy, Institutions
Series: Discussion Paper
Creation-Date: 2001
Number: 2001-08
File-URL: https://www.merit.unu.edu/publications/discussion-papers/2001-8.pdf
File-Format: application/pdf
File-Size: 325 Kb
Handle: RePEc:unm:unuint:200108