Middle Innovation Trap
The middle income trap requires strategies for building technological capabilities to overcome it. This study focuses on the development patterns of two types of technological capabilities: implementation and concept design. A conceptual approach developed from evolutionary economics and innovation...
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| Format: | Article |
| Language: | English |
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National Research University Higher School of Economics
2019-03-01
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| Series: | Foresight and STI Governance |
| Subjects: | |
| Online Access: | https://foresight-journal.hse.ru/article/view/19301 |
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| _version_ | 1850119193995771904 |
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| author | Jeong-Dong Lee Chulwoo Baek Sira Maliphol Jung-In Yeon |
| author_facet | Jeong-Dong Lee Chulwoo Baek Sira Maliphol Jung-In Yeon |
| author_sort | Jeong-Dong Lee |
| collection | DOAJ |
| description |
The middle income trap requires strategies for building technological capabilities to overcome it. This study focuses on the development patterns of two types of technological capabilities: implementation and concept design. A conceptual approach developed from evolutionary economics and innovation systems literature is constructed to distinguish between the types of technological capabilities and how they develop. The approach is mainly applied to the cases of Korea’s development and it highlights the differences in developing implementation and concept design capabilities.The findings of the study emphasize the need for the development of concept design capabilities, which requires (i) setting challenging targets, (ii) developing human resources, infrastructure and knowledge accumulation, and (iii) using an incremental process of trial-and-error and course correction. More broadly, sociocultural institutions may need to be changed to accommodate higher risk-taking but also require different approaches to change. The study extends the concept of technological capabilities by emphasizing the concept design capability that requires trial-and-error beyond R&D activities.
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| format | Article |
| id | doaj-art-b6b86a6cf5ae4038ba686d54ee2a90d1 |
| institution | OA Journals |
| issn | 2500-2597 |
| language | English |
| publishDate | 2019-03-01 |
| publisher | National Research University Higher School of Economics |
| record_format | Article |
| series | Foresight and STI Governance |
| spelling | doaj-art-b6b86a6cf5ae4038ba686d54ee2a90d12025-08-20T02:35:41ZengNational Research University Higher School of EconomicsForesight and STI Governance2500-25972019-03-0113110.17323/2500-2597.2019.1.6.18.Middle Innovation TrapJeong-Dong Lee0Chulwoo Baek1Sira Maliphol2Jung-In Yeon3Seoul National University, South Korea, 1 Gwanak-ro, Gwanak-gu, Seoul 08826, South KoreaDuksung Women’s University, South Korea, 33 Samyang-ro 144-gil 33, Dobong-gu, Seoul 01369, South KoreaSeoul National University, South Korea, 1 Gwanak-ro, Gwanak-gu, Seoul 08826, South KoreaSeoul National University, South Korea, 1 Gwanak-ro, Gwanak-gu, Seoul 08826, South Korea The middle income trap requires strategies for building technological capabilities to overcome it. This study focuses on the development patterns of two types of technological capabilities: implementation and concept design. A conceptual approach developed from evolutionary economics and innovation systems literature is constructed to distinguish between the types of technological capabilities and how they develop. The approach is mainly applied to the cases of Korea’s development and it highlights the differences in developing implementation and concept design capabilities.The findings of the study emphasize the need for the development of concept design capabilities, which requires (i) setting challenging targets, (ii) developing human resources, infrastructure and knowledge accumulation, and (iii) using an incremental process of trial-and-error and course correction. More broadly, sociocultural institutions may need to be changed to accommodate higher risk-taking but also require different approaches to change. The study extends the concept of technological capabilities by emphasizing the concept design capability that requires trial-and-error beyond R&D activities. https://foresight-journal.hse.ru/article/view/19301middle income trapmiddle innovation traptechnological capabilityimplementation capabilityconcept design capability |
| spellingShingle | Jeong-Dong Lee Chulwoo Baek Sira Maliphol Jung-In Yeon Middle Innovation Trap Foresight and STI Governance middle income trap middle innovation trap technological capability implementation capability concept design capability |
| title | Middle Innovation Trap |
| title_full | Middle Innovation Trap |
| title_fullStr | Middle Innovation Trap |
| title_full_unstemmed | Middle Innovation Trap |
| title_short | Middle Innovation Trap |
| title_sort | middle innovation trap |
| topic | middle income trap middle innovation trap technological capability implementation capability concept design capability |
| url | https://foresight-journal.hse.ru/article/view/19301 |
| work_keys_str_mv | AT jeongdonglee middleinnovationtrap AT chulwoobaek middleinnovationtrap AT siramaliphol middleinnovationtrap AT junginyeon middleinnovationtrap |