FirstJapan, thenKorea, and now China have managed to grow very rapidly without devoting many resources to research and development(R&D). Given the importance noted in the text of technological advance...


FirstJapan, thenKorea, and now China have managed to grow very rapidly without devoting many resources to research and development(R&D). Given the importance noted in the text of technological advance as an engine ofgrowth, this seems to be a contradiction.How could rapid growth in these countries (and others as well) have been achieved without a substantial R&D commitment on their part?



May 15, 2022
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