TITLE

National capability to catch-up: Lessons for India

AUTHOR(S)
Nath, Pradosh
PUB. DATE
August 2007
SOURCE
Current Science (00113891);8/10/2007, Vol. 93 Issue 3, p303
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The current literature on a nation's capability to catch-up with the developed world, or National capability to catch-up is reviewed here. Catch-up requires rapid generation of wealth in sectors that offer the scope of increasing return to scale, which in turn is achieved through technological innovations. With the case of Japan and Korea, it is argued that successful catch-up requires framing economic policies around a core of scientific and technological capability. The article indicates that India missed this perspective because of overemphasis on distribution of wealth (in USSR pattern) that overshadowed the importance of generation of wealth.
ACCESSION #
26466441

 

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