Ideas And Innovation In East Asia

The generation, diffusion, absorption and application of new technology, knowledge or ideas are crucial drivers of development. This paper surveys the diverse approaches to innovation adopted by East Asian economies, the problems faced and outcomes achieved, as well as possible policy lessons. Knowl...

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Bibliographic Details
Main Author: Brahmbhatt, Milan
Other Authors: Hu, Albert
Format: eBook
Language:English
Published: Washington, D.C The World Bank 2007
Subjects:
Online Access:
Collection: World Bank E-Library Archive - Collection details see MPG.ReNa
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653 |a Macroeconomics and Economic Growth 
653 |a E-Business 
653 |a Technology Industry 
653 |a Intellectual Property 
653 |a R & D 
653 |a International Trade 
653 |a Rural Development 
653 |a Business Environment 
653 |a Industry 
653 |a Foreign Direct Investment 
653 |a Agricultural Knowledge and Information Systems 
653 |a Private Sector Development 
653 |a Innovation 
653 |a Innovations 
653 |a New Technology 
653 |a Economic Theory and Research 
653 |a Agriculture 
653 |a Environment For Innovation 
653 |a Knowledge Economy 
653 |a Intellectual Property Rights 
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700 1 |a Brahmbhatt, Milan 
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520 |a The generation, diffusion, absorption and application of new technology, knowledge or ideas are crucial drivers of development. This paper surveys the diverse approaches to innovation adopted by East Asian economies, the problems faced and outcomes achieved, as well as possible policy lessons. Knowledge flows from advanced countries remain the primary source of new ideas in developing economies. The authors evaluate the role of three main channels for knowledge flows to East Asia - international trade, acquisition of disembodied knowledge and foreign direct investment. The paper then looks at the exceptionally fast growth in domestic innovation efforts in Korea, Taiwan (China), Singapore and China, drawing on information about R&D as well as original analysis of patent and patent citation data. Citation analysis shows that while East Asian innovations continue to draw heavily on knowledge flows from the US and Japan, citations to the same or to other East Asian economies are quickly rising, indicating the emergence of national and regional knowledge stocks as a foundation for innovation. A last section pulls together findings about policies and institutions to foster innovation, under three heads: the overall business environment for innovation (macroeconomic stability, financial development, openness, competition, intellectual property rights and the quality of communications infrastructure), human capital development, and government fiscal support for innovation