Development strategies in a context of world system disorder

Bengt-Åke Lundvall

No 248, Lund Papers in Economic History from Lund University, Department of Economic History

Abstract: The world has been through several major crises since the beginning of the new millennium and the old-world order, with the US as hegemonic power, is challenged by the rise of China. There has been a reversal of, as well as directional change in, the globalization trend. A weakening of international collaboration is taking place against a backdrop of global challenges such as climate change, digital revolution and global inequality, challenges calling for coordinated action. Starting from a knowledge-based world system perspective, the paper reflects on, what this means for innovation and development strategies in the South. Which are the main threats and opportunities in the current era? Which lessons can be drawn from the rise of China? What are the implications for research agendas?

Keywords: world system theory; development theory; Wallerstein; Freeman; knowledge; innovation systems (search for similar items in EconPapers)
JEL-codes: B52 O19 O30 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2023-06-22
New Economics Papers: this item is included in nep-his and nep-hme
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