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관리자 |
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2017-05-23 |
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[2017] "Smart Specialization With Short-Cycle Technologies and Implementation St
rategies to Avoid Both Target and Design Failures," in Advances in the Theory &
Practice of Smart Specialization |
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Lee, K. (2017). Smart specialization with short-cycle technologies and implementation strategies to avoid target and design failures. In Advances in the Theory and Practice of Smart Specialization (ch.9 pp. 201-224). Academic Press.
[features of the book]
Regional growth in the European Union hinges to a large extent on smart specialization, a new and exciting theme in economic innovation studies. Advances in the Theory and Practice of Smart Specialization illuminates problems that have stifled the implementation of smart specialization policies, such as unique regional constraints and the inter-dependent demands of economic growth and commercial development. Forward-looking and pragmatic, it provides guidance for developing smart specialization strategies both to those involved in European affairs and others grappling with regional innovation and economic development worldwide.
Table of Contents (of the whole book)
Part I: Policy Rationales
1. Introduction: Growth, Technology Upgrading and Smart Specialization
2. The Entrepreneurial Discovery Process and Policy
3. Policy as an Endogenous Process
Part II: Smart Specialization in Context
4. Smart Specialization for Technology Frontier Countries
5. Innovation Policy for Middle Income Countries
6. New Structural Economics and Innovation Policy for Low Income Economies
7. Rejuvenation of Innovation and Industrial Policy in the US
8. Innovation Policy for EU North
9. Innovation Policy for EU South
10. Innovation Policy in the CEE View more >
[ abstract of the chapter by Keun Lee]
Given that latecomer firms and economies are ‘resource-poor late entrants’, they require not only ‘capability building’ but also ‘smart specialization’ in a sector where they can receive better growth prospects and may survive by competing effectively with the incumbents. This chapter proposes the cycle time of technologies as a criterion for smart specialization. This criterion is arguably better than other criteria that are based on product spaces and complements the latent comparative advantage idea of Lin (2012a). Qualified middle-income countries have comparative advantages in sectors with a short cycle time because short-cycle technologies imply that the dominance of the incumbent is often disrupted and new technologies tend to emerge. This study also proposes several strategies for implementing this criterion; essentially, public interventions should avoid not only targeting but also design failures by involving private firms from the beginning.
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