Economic Catch-up and Technological Leapfrogging: The Path to Development and Macroeconomic Stability in Korea

Keun Lee

Aug. 2016 · Edward Elgar Publishing

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This book elaborates upon the dynamic changes to Korean firms and the economy from the perspective of catch-up theory. The central premise of the book is that a latecomer’s sustained catch-up is not possible by simply following the path of the forerunners but by creating a new path or ‘leapfrogging’. In this sense, the idea of catch-up distinguishes itself from traditional views that focus on the role of the market or the state in development. 

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Keun Lee, winner of the 2014 Schumpeter Prize, and Professor, Seoul National University, Korea