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Smita Kuriakose

... William Malo-ney, and Milan Brahmbhatt. Valuable written comments were also received from Lilia Buruncic (Country Manager, Macedonia) and Zeljko Bogetic (Lead Economist for Russia). The team especially thanks Gerardo ...
... the standard of machinery and equipment used by foreign firms was ahead of the aver-age for the industry by three to four ... are derived substantially from mining, South Africa seems to fare pretty well, given its natural resource... more
... the standard of machinery and equipment used by foreign firms was ahead of the aver-age for the industry by three to four ... are derived substantially from mining, South Africa seems to fare pretty well, given its natural resource endowment and associated corporate capa-bilities. ...
nnovation and technology absorption are now firmly recognized as one of the main sources of economic growth for emerging and advanced economies alike. That is why innovation is seen as a possible catalyst for revitalizing post-transition... more
nnovation and technology absorption are now firmly recognized as one of the main sources of economic growth for emerging and advanced economies alike. That is why innovation is seen as a possible catalyst for revitalizing post-transition economies hit hard by the recent financial and economic crisis. Is government intervention needed to foster innovation in post-transition economies? This is the central question to which this book responds. The answer is yes, but a qualified yes. Innovation activities are rife with market failures that tend to hold back private investment. And badly designed or badly implemented interventions can further hamper the development of an innovative and entrepreneurial culture among businesses and research communities. This book builds on the lessons from public institutions and programs to support innovation, both successful and failed, from Eastern Europe and Central Asia as well as China, Finland, Israel, and the United States. The lessons highlight th...
ABSTRACT O penness to foreign trade and investment is critical to the process of technological absorption and diffusion, not only for the competitive pressure that it exerts on management and corporate governance, but also for the... more
ABSTRACT O penness to foreign trade and investment is critical to the process of technological absorption and diffusion, not only for the competitive pressure that it exerts on management and corporate governance, but also for the exposure to global best practices technology and management techniques that such openness provides to local firms. The contribution of international openness to growth has been evident since the first wave of globalization in 1870–1913. In his book, The Mystery of Economic Growth (2004), Helpman focuses on four themes: 1. Accumulation of physical and human capital, 2. Productivity growth, as determined particularly by the incentives for knowledge cre-ation, R&D and learning by doing, 3. Knowledge flows across national borders and the impact of foreign trade and invest-ment on incentives to innovate, imitate, and use new technologies, 4. Institutions that affect incentives to accumulate and innovate. The second and the third themes are at the center of this study in general, and of this chap-ter in particular. In analyzing the effects of trade and FDI on technology absorption, we control for the effects of human capital and measures of investment climate. This chapter focuses on the role of international trade (and participation in global sup-ply networks) and FDI as mechanisms for the diffusion and absorption of technology in the ECA region. We consider trade and FDI together because they are two aspects of the singu-lar phenomenon of "international connectedness." In fact, some of the measures of inter-national connectedness that we employ in our analysis of the impact of international trade are at least as much a reflection of FDI as they are of the engagement in international trade.