Conditions For Successful Technology Policy In Developing Countries—Learning Rents, State Structures, And Institutions

Ha-Joon Chang, Ali Cheema and L. Mises

Economics of Innovation and New Technology, 2002, vol. 11, issue 4-5, 369-398

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 I), 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. After an assessment of technology policy record in developing countries (Section 4) we discuss how the scope of such policy 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 5). The paper ends with a brief conclusion (Section 6).

Keywords: Industrial Policy; Technological Development; State Autonomy; Institutions (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (14)

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DOI: 10.1080/10438590200000005

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