Innovation Systems, Radical Transformation, Step-by-Step: India in Light of China
Yevgeny Kuznetsov
No RP2008-90, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)
Abstract:
The paper introduces a reform trajectory we call 'revolutionary incrementalism' in which partial and incremental measures add up to profound transformation. Recent advances in economic theory demonstrate that growth is not hard to start: it almost starts itself, somewhere, sometimes. But keeping it going is not easy: doing so requires attention to the context of growth binding constraints and situation-specific ways to resolve them. The same goes for institutions: it is almost always possible to find some that are working.
Keywords: Economic development; Industrial policy; Institutional economics; Management (Technological innovations) (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:rp2008-90
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